**Evercore: Powell to Signal Federal Reserve’s Openness to 50 Basis Points Cuts This Week**
According to Evercore, Federal Reserve Chairman Jerome Powell is expected to send a message this week indicating the central bank’s openness to making 50 basis points cuts.
Currently, the existing rate stands at 525-550 basis points. There’s a 77.5% probability of the rate being reduced to 500-525 basis points, while there is a 22.5% chance it might drop to 475-500 basis points.
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Source: https://en.coinotag.com/breakingnews/powell-to-signal-willingness-for-50-basis-point-rate-cuts-this-week-says-evercore/