US Markets Wrap: Why calls for a jumbo rate cut may be unrealistic

Josh Gilbert, Market Analyst, eToro discusses how much justification there is for US Treasury Scott Bessent to call for a 50 bps rate cut in September, with a view that short-term interest rates should be between 1.5 percentage points and 1.75 percentage points lower than their current level. He weighs whether the Federal Reserve will bow to the rising pressure from the Trump administration. Produced/Presented: Ryan Huang  See omnystudio.com/listener for privacy information.