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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 24/Aug 05:45

Fed must deliver 50bp rate cut to avert recession

The Federal Reserve is teetering on the brink of a critical decision—one that could either save the US economy from a looming recession or plunge it deeper into peril, warned the chief executive of a leading independent financial advisory and fintech. Nigel Green, CEO of deVere Group, is leading the charge for a supersized 50-basis point interest rate cut in September is growing louder. The financial heavyweight warns that only a bold, decisive action from the Fed can prevent an economic catastrophe. Green’s urgent message follows Fed Chair Jerome Powell’s comments at the Jackson Hole central bankers’ summit that, “the time

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