I have to say that Hassett is the biggest scoop in this round of market boost! Even before taking office, he is already calling for a 50 basis point rate cut 😂
According to BlockBeats, on December 11, Hassett, the director of the National Economic Council at the White House, stated that stronger data might support a 50 basis point rate cut, reiterating that the Federal Reserve still has plenty of room to lower interest rates.
"The futures market expects the Federal Reserve to cut rates by 25 basis points, and a 25 basis point cut would be a small step in the right direction.
