If cutting interest rates could help ease America’s pain, might the Fed cut by 50 basis points?
CNBC Senior Economics Reporter Steve Liesman joins the panel for this conversation. Following are excerpts.
I think the Fed is going to try to get infront of the credit crunch, says Liesman because the Fed is likely worried there’s more risk in the money center banks and weakness in the economy, overall.
However, I also think a 50 point cut is contingent on the Jobs Report. If it’s a strong number, the market probably won’t see it.
Will a 50 point rate cut send stocks higher?