WallStreet could agree and see a big ratecut next week as simply the appropriate ... "Strong case for 50 bp Fedcut, says former NY Fed chief Dudley." ...
It was a momentous move, closing the door on a run where the Fed kept its main interest rate at a two ... of a recession. WallStreet’s initial reaction to Wednesday’s cut was a yawn, after ...
The unanimous expectation on WallStreet is that the Fed will cut the federal funds rate, which has been sitting in a range of 5.25% to 5.50% for more than a year. Lower rates would make ...