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U.S. Treasury Secretary Basent: The Fed may drop interest rates by 50 basis points in September, and rates should drop by 150-175 basis points.
PANews August 13 news, US Treasury Secretary Becerra stated that the Fed's interest rate policy is tight, and the interest rate should drop by 150 to 175 basis points.
He believes there may be a series of interest rate drops, possibly starting with a 50 basis point drop in September. Besant is optimistic about the Fed's September meeting and points out that if the data is accurate, the Fed may cut rates earlier. He also noted that corporate profit margins are returning to normal levels before the COVID-19 pandemic.