ROI-Wall Street slump could secure Fed rate cut: McGeever

The article by Jamie McGeever discusses the potential for the Federal Reserve to cut interest rates if financial stability risks from falling asset prices persist. Recent market volatility, driven by concerns over AI optimism, could prompt the Fed to intervene, despite traditionally not doing so unless liquidity issues arise. The link between Wall Street and Main Street has strengthened, with the wealthiest Americans driving significant economic activity. Recent market movements and Fed officials' comments suggest a possible rate cut, contingent on labor market conditions.