#FED Officials' Statements Shake the Market: Former US Treasury Secretary Issues Statement🔥🔥

In line with the August nonfarm payrolls report, former US Treasury Secretary Larry Summers suggested the Fed may be approaching a more significant rate cut.

While the report did not indicate serious economic weakness, it added uncertainty to the Fed's decision-making process for interest rate adjustments this month.

“The data doesn’t show any clear signs of economic distress, but it certainly doesn’t guarantee economic health,” Summers said in a recent interview. He noted that the probability of a 50 basis point rate cut in September has increased from a month or two ago, and is approaching the probability of a 25 basis point cut.

Speaking recently, FED member Waller hinted that the possibility of a recession had strengthened, causing a sudden drop in the markets.