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More and more Wall Street economists forecast half a point cut of the Federal Funds Rate by the Federal Reserve at the upcoming meeting.
The Federal Reserve will cut rates by a quarter of a percentage, according to Wolfteam Ltd.'s projections and estimates.
That said, however, the Federal Reserve might add one or two more quarter of a percentage points cut to its dot-plot forecasts. A dovish quarter of a percentage point cut in interest rates we might have in Wolfteam Ltd.'s view. A bigger, half a percentage point cut could disrupt markets into thinking the economic situation is worse than economic data points show on the surface.
A quarter of a percentage point cut in rates by the Federal Reserve will please most, it seems.
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