Harker Calls for 50 Basis Point Rate Cut Ahead of FOMC Decision

BlockBeats News, December 11th, Hassett, Director of the White House National Economic Council, stated that stronger data could support a 50 basis point rate cut, reaffirming that the Fed still has ample room to lower interest rates.

“The futures market expects the Fed to cut rates by 25 basis points, and a 25 basis point cut would be a small step in the right direction. (Golden Ten)”