From CNBC: 2024-08-06 14:15:59

Federal Reserve Chairman Jerome Powell faces crucial decisions with Wall Street in turmoil. Market experts predict a possible half-point rate cut in September. If the Fed fails to act, a recession may become inevitable by year-end, raising concerns among investors. Data points to a looming downturn, urging swift and strong action from the central bank. Despite job growth and stock market highs, fears of a recession persist, prompting speculation of an emergency rate cut. Traders predict aggressive easing measures to prevent an economic contraction, with expectations of a significant rate cut by the end of next year. Economists and analysts debate the necessity and effects of potential rate cuts as the Fed grapples with recession risks and market volatility.

Read more: Markets are counting on the Fed to head off recession with sizeable interest rate cuts