Fed Expected to Opt for Modest Rate Cut Despite Wall Street Pressure

Economists predict a 0.25% reduction as the Federal Reserve remains cautious amid mixed economic signals.

Most economists foresee a 0.25% rate cut following the Fed's September meeting.
Calls for larger cuts from major banks like Citigroup and JPMorgan Chase have been tempered by recent data.
Wharton Professor Jeremy Siegel has retracted his push for an emergency rate cut.
Recent jobless claims and service sector data have reduced the urgency for drastic measures.
Fed Chair Jerome Powell maintains a focus on achieving 2% inflation before significant rate reductions.