Data: US Senator Elizabeth Warren pressures Fed to cut interest rates by 75 basis points
According to ChainCatcher news, many investors and some economists are concerned that the Federal Reserve has waited too long, putting the labor market and economic growth on thin ice, and injecting volatility into the financial markets. The latter was evident in the US Treasury market last Friday, when traders suddenly revived their bets on a 50-basis-point rate cut. The November presidential election has also put the Federal Reserve's decision-making in an unpleasant position. The Republican candidate, former President Trump, warned that the Federal Reserve should not cut rates before the election, while Democratic Senator Elizabeth Warren has put pressure on officials to cut rates by 75 basis points.
