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Emergency Fed rate cutFortune
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76% Informative
Monday ’s global stock sell-off shook many professional investors, Wall Street leaders, and economists.
Mohamed El-Erian , president of Queens’ College at the University of Cambridge , said he doesn’t understand the logic behind the calls for an emergency rate cut.
The former PIMCO CEO said he still sees only a 35% chance of a U.S. recession over the next 12 months .
Fears of a Fed policy error and potential economic slowdown or even recession did help spark the crash.
But El-Erian argues that, moving forward, the Fed should be more strategic with its guidance, adding a forward-looking component in order to assuage markets’ fears that the central bank is, once again, lagging behind the reality on the ground.
Emergency Fed rate cuts are typically reserved for more serious and systemic issues, including major recessions, pandemics, or far more severe market declines.
VR Score
77
Informative language
73
Neutral language
58
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
13
Affiliate links
no affiliate links