Data: US Senator Elizabeth Warren pressures Fed to cut interest rates by 75 basis points

ChainCatcher news, many investors and some economists worry that the Fed has waited too long, putting the labor market and economic growth on thin ice and injecting volatility into financial markets. The latter was evident in the U.S. Treasury market last Friday, when traders suddenly resumed betting on a 50 basis point rate cut. The presidential election in November also puts the Fed's decision-making in an unpleasant position. Republican candidate and former President Trump warned that the Fed should not cut interest rates before the election, while Democratic Senator Elizabeth Warren pressured officials to cut interest rates by 75 basis points.