Is a 25 basis point rate cut still calm, or is there fear if it drops by 50 basis points?

Mary Daly, President of the San Francisco Fed, expressed the view that it is appropriate to start cutting interest rates.

While supporting the words of Chairman Powell of the Federal Reserve of San Francisco at Jackson Hole, who said, "The time to adjust policy has come," he refrained from mentioning the specific extent of the next FOMC meeting's rate cut.

President Daly confirmed that the inflation rate is moving towards 2% and emphasized the need for policy adjustments while being mindful of the impact on the labor market. The interest rate market expects a rate cut of about 1 percentage point by the end of the year, and President Daly also indicates a move towards a neutral interest rate.

The core price index of the PCE for personal consumption expenditure in July is expected to have an impact on the rate cut decision in September.