According to PANews, JPMorgan Chase is the only bank in the United States that insists that the Federal Reserve will cut interest rates by 50 basis points. Michael Feroli, the bank's chief economist in the United States, reiterated that a 50 basis point rate cut is "the right thing to do."

Misra wants the Fed to cut rates by 50 basis points initially, but she thinks a 25 basis point cut is more likely because of inflation concerns. She added that the market reaction depends on how officials interpret a smaller rate cut.

The November presidential election complicates the Fed's decision-making. Trump warned the Fed not to cut interest rates before the election, while Democratic Senator Warren called for a 75 basis point cut.