U.S. Treasury Secretary: Series of Rate Cuts Could Start with 50 Basis Point Cut in September

BlockBeats News, August 13th: U.S. Treasury Secretary Benson mentioned the possibility of a 50-basis-point rate cut by the Fed. If the data is accurate, the Fed may cut rates sooner.

It is believed that a series of rate cuts may be carried out. The series of rate cuts may start with a 50-basis-point cut in September. The Fed's rates should now be lowered by 150 to 175 basis points. (Oriental Fortune Network)