White House Advisor Predicts 25 Basis Point Fed Rate Cut

Financial markets are closely watching for potential signals from the Federal Reserve, and insights from a White House advisor offer a key perspective. Kevin Hassett, Chairman of the White House National Economic Council, predicts that the Fed might implement a 25 basis point rate cut in upcoming policy decisions. This outlook stems from several factors, including current economic data and inflation concerns, while also highlighting market expectations sometimes diverging from actual actions by central banks.