When Should the Fed Start Lowering Rates?

I Changed My Mind. The Fed Needs to Cut Rates Now.

https://www.bloomberg.com/opinion/articles/2024-07-24/the-fed-needs-to-cut-interest-rates-now

Waiting until September unnecessarily increases the risk of a recession.

 

Why the Fed Should Cut Rates Now—Not Wait Until September

https://www.wsj.com/economy/central-banking/why-the-fed-should-cut-rates-nownot-wait-until-september-806b8ddf

Accelerating inflation looks like a lesser risk than a weakening labor market

 

The Fed Should Not Cut Interest Rates Yet

https://www.project-syndicate.org/commentary/us-federal-reserve-must-not-cut-interest-rates-next-two-months-by-michael-r-strain-2024-07

Investors are betting on interest-rate cuts by the US Federal Reserve in September, and potentially even in late July. But the outlook for inflation and the labor market in the United States does not indicate that policymakers should begin lowering rates in the next two months.

 

My take from June:

Higher interest rates, please: The Fed must raise its long-term target for a soft landing by VIVEKANAND JAYAKUMAR - 06/07/24

https://thehill.com/opinion/finance/4701798-the-fed-needs-to-set-a-higher-target-for-long-term-interest-rates/

Although modest rate cuts in the coming months will boost the odds of a soft landing, the Fed still needs to curtail financial market exuberance and remain vigilant on the inflation front. The Fed therefore needs to project a shallow easing cycle and signal a higher estimate for the long-term neutral rate.