Fed to resist pressure from Wall Street banks for a jumbo interest rate cut: survey
![Fed to resist pressure from Wall Street banks for a jumbo interest rate cut: survey](https://nypost.com/wp-content%2Fuploads%2Fsites%2F2%2F2024%2F08%2Fnewspress-collage-r4d6xhgya-1723216502066.jpg?quality%3D90%26strip%3Dall%261723202204)
Most economists think that the Federal Reserve will institute a modest cut to the benchmark interest rate rather than the jumbo bite demanded by some of Wall Street’s largest banks, according to a new survey. Nearly four in five economists told Bloomberg News that they predict the Fed will slash rates by a quarter point,...