Federal Reserve Signals Imminent Rate Cuts Amid Economic Uncertainty

Fed officials emphasize the need to lower rates to support a cooling labor market and prevent recession risks.

San Francisco Fed President Mary Daly confirmed the likelihood of a quarter-point rate cut in September.
Analysts argue for more aggressive cuts to avoid a near-term recession, citing weak small business employment.
JPMorgan notes the Fed's shift from a gradualist stance due to rising labor market concerns.
Treasury yields fluctuate as investors anticipate the upcoming inflation data and Fed's rate decision.
Market expectations lean towards significant rate cuts by the end of 2024, potentially totaling up to 100 basis points.