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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 17/Aug 05:46

Fed needs ‘supersized’ 50bps rate cut in Sept or risk recession

The Federal Reserve must go big with a supersized 50 basis point interest rate cut in September to get ahead of a looming economic storm, warns the CEO of a leading independent financial advisory and fintech. The warning from deVere Group’s Nigel Green comes as consumer prices in the US inched up modestly last month, adding fuel to the widespread expectations that the Fed will begin easing its grip on interest rates. The latest figures from the Bureau of Labor Statistics showed a modest 0.2% rise in the consumer price index for July, including a ‘core’ measure that strips out volatile food

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