I would vote for a 25 basis point rate cut this week, says Roger Ferguson

Former Federal Reserve Vice Chairman Roger Ferguson joins 'Squawk Box' to discuss the Fed's interest rate announcement this week, whether to expect a 25 or 50 basis point cut, state of the economy, and more.

[@lawrencesullivan3307]

"solid economy" doesn't mean everybody benefits unfortunately.

[@juanrestrepo302]

the economy is indeed very strong. But not everyone is smart in business unfortunately.

[@rickhayes-oh2zm]

2.9% us saving rates. China 44% saving rate. Americans can't pay their debt.

[@Judge247]

Yes, the economy is very strong in the official government reports. Regular consumers like you and me must be exaggerating our difficulties. But I wonder how strong the economy will be on Nov 6th, after it doesn’t matter anymore?

[@karmasutra4774]

Recession

[@nickdaviskni7358]

Wow. Really?

[@Judge247]

@@nickdaviskni7358 yup, really. My question is, does someone really expect folks to believe that some useful version of inflation is at 1.1%? Seems a bit dodgy, so close to an election…

[@user-xr6zm8cx6r]

Why So much concerned 50% basis point already market is at all time high.

[@michaelskyros8803]

Core with housing lags by almost a yeat

[@Vix381]

Inflation under 3 and fed funds over 5, time to cut

[@KungPowEnterFist]

The data does not support a rate cut at this meeting, and the market knows it. Nothing has changed in the last few months. Fiscal is still deficit spending as if we were in a war, Fed continues to provide stealth QE, M2 growing since October 2023 and is higher than it was 18 months ago, inflation is still way above target, labor market is strong, and overall financial conditions are very loose.

[@calvinthestormfreak]

I’d do .50 next meeting 0 right now

[@karmasutra4774]

@@calvinthestormfreakBut look at the charts .50 triggers bigger market pullbacks and recessions most of the time
.25 is easier and doesn't cause the pullbacks as much

[@Griffin-x8x]

labor market is to soft. They will cut 50.

[@2023gainer]

Consumer Spending grows with more buying power from rate cuts. NKLA.. Nikola. Moving towards 300 Zero emissions trucks on the roads. Joby Evtol Jets.. FREY EV battery... Lucid.. ChargePoint... Archer Evtol Jets, more.

[@calvinthestormfreak]

Should do 0, markets are too hot and govt still spending with IRA. Do 50 points next meeting

[@RoseJohnson-y6o]

No way will rates be cut youre not on your knees

[@AbdulSalam-zt2kz]

Hope so

[@rosalindhawkins7196]

Williams Cynthia Harris Charles Martin Steven

[@SophyHarlan-l6s]

Perez Donald Robinson Joseph Taylor Carol

[@ceciliamacalister1838]

Moore Kenneth Davis Jeffrey Robinson Brenda