Stocks are jumping after two Fed officials signal rate cuts are coming — 'it pays to act quickly'

in a speech about economic research earlier that day."When you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress," he said, adding that central bankers must"take swift action when faced with adverse economic conditions."

"Despite the better-than-expected June non-farm payrolls, retail sales, and factory output data, the Fed is expected to press ahead with at least a 25-basis point interest rate cut this month," said Han Tan, market analyst at FXTM."Given that US inflation remains muted while global uncertainties continue to prevail, lower US interest rates should help ensure that US economic growth momentum remains steadfast.

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