Stocks start crashing: Will the Fed pivot or panic?

It's no longer a question of whether the Federal Reserve will cut interest rates. It's a question of how soon central bankers will cut and how big they will go. Last week's ugly economic reports on manufacturing and employment helped trigger a mini-meltdown in the stock market – one that continues today. Instead of a soft landing, the economy may be careening toward recession. The Bureau of Labor Statistics reported that the U.S.

Jobs data is flashing red Ultra-liberal Senator Elizabeth Warren threw a fit on social media aimed directly at Chairman Jerome Powell. Fed Chair Powell made a serious mistake not cutting interest rates, she posted. He's been warned over and over again that waiting too long risks driving the economy into a ditch. The jobs data is flashing red, she continued. Powell needs to cancel his summer vacation and cut rates now — not wait 6 weeks.

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