{"id":24507,"date":"2024-08-05T16:50:36","date_gmt":"2024-08-05T16:50:36","guid":{"rendered":"https:\/\/sotnews.agency\/?p=24507"},"modified":"2024-08-05T16:54:44","modified_gmt":"2024-08-05T16:54:44","slug":"fed-urged-to-implement-emergency-rate-cut-amid-global-market-turmoil","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=24507","title":{"rendered":"Fed Urged to Implement Emergency Rate Cut Amid Global Market Turmoil"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 46 Second <\/div>\n\n <\/div>

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https:\/\/newsghana.com.gh\/fed-urged-to-implement-emergency-rate-cut-amid-global-market-turmoil\/<\/p>\n

The urgency of the situation is underscored by Nigel Green, CEO of deVere Group, a leading independent financial advisory and asset management firm.<\/strong> <\/span><\/p>\n

\u00a0<\/p>\n

He emphasizes the Federal Reserve\u2019s immediate need to reduce US interest rates by 25 basis points to stabilize global markets.<\/span><\/p>\n

\u00a0<\/p>\n

Green\u2019s call for immediate action comes as the Federal Reserve prepares for an emergency meeting on Monday, prompted by a significant correction in Japan\u2019s stock markets, where the Nikkei index plummeted by 12.4% to 31,458.42, marking its most significant one-day drop since October 1987.<\/span><\/p>\n

\u00a0<\/p>\n

Green emphasizes, \u201cThe Federal Reserve needs to adopt a more aggressive monetary policy stance to prevent a potential recession in the world\u2019s largest economy. <\/span><\/p>\n

\u00a0<\/p>\n

This is not a time for caution, but for decisive action.\u201d <\/span><\/p>\n

\u00a0<\/p>\n

\u201cThe Fed was initially slow to react; it cannot afford to make the same mistake now.\u201d<\/span><\/p>\n

\u00a0<\/p>\n

Green advocates for an emergency rate cut of 25 basis points this week, with another anticipated reduction in September to mitigate market panic and speculation.<\/span><\/p>\n

\u00a0<\/p>\n

Recent market movements underscore the urgency of this intervention. Japan\u2019s Nikkei index plummeted by 12.4% to 31,458.42, marking its most significant one-day drop since October 1987. The broader Topix index fell 12.48% to 2,220.91. <\/span><\/p>\n

\u00a0<\/p>\n

European equities have also suffered, with the STOXX 600 index declining 2.6% to 487.15 points and the UK\u2019s FTSE 100 experiencing its steepest drop in over a year.<\/span><\/p>\n

\u00a0<\/p>\n

Green added, \u201cThe Federal Reserve must act swiftly, especially in light of Friday\u2019s weak jobs report, which has exacerbated fears of an economic slowdown.\u201d <\/span><\/p>\n

\u00a0<\/p>\n

Green warns, \u201cFailing to announce an emergency interest rate cut in response to this global market turmoil would be a serious oversight, potentially leading to further market panic and speculation.\u201d<\/span><\/p>\n

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https:\/\/newsghana.com.gh\/fed-urged-to-implement-emergency-rate-cut-amid-global-market-turmoil\/<\/p>

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https:\/\/newsghana.com.gh\/fed-urged-to-implement-emergency-rate-cut-amid-global-market-turmoil\/ The urgency of the situation is underscored by Nigel Green, CEO of deVere Group, a leading independent… <\/p>\n","protected":false},"author":1,"featured_media":24527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-24507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24507"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24507\/revisions"}],"predecessor-version":[{"id":24528,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24507\/revisions\/24528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/24527"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}