Wharton Professor Jeremy Siegel is advocating for swift action from the Federal Reserve. He proposes an emergency rate cut of 0.75%, followed by an additional cut of the same magnitude in September. Siegel believes this is the bare minimum required to stabilize the markets. The current target fed funds rate stands at 5.25% to 5.5%, and the potential impact of a rate cut is substantial. Stay informed and conduct your own research (DYOR) to stay ahead of this developing story.
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