[Soo Yoen Bae's Observation Deck]Why the Fed Is Reluctant to Deliver a 'Big Cut'

The Federal Reserve is signaling reluctance to deliver a 50bp 'big cut' at the September FOMC, citing concerns over market distortion, noisy labor data, and political sensitivities ahead of the U.S. presidential election, with markets now adjusting expectations to a standard 25bp reduction.