Wow good reading. The magic is 0.5. Or 0.25?

The Fed’s Rate-Cut Dilemma: Start Big or Small?

That the Fed will cut rates at its meeting next week is all but settled. But how much is shaping up to be a close call.Jerome Powell, chair of the Federal Reserve, at a news conference in July.Federal Reserve Chair Jerome Powell faces a difficult decision as the central bank prepares to cut interest rates next week: Start small or begin big?
The Fed’s Rate-Cut Dilemma: Start Big or Small?

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