It's not the end of the world if the Fed doesn't cut rates tomorrow

The Federal Reserve is expected to keep interest rates steady at its upcoming meeting. However, some economists are urging for an immediate rate cut instead of waiting until September. The argument is that since the Fed plans to cut rates in two months anyway, it should do so sooner to mitigate the long and variable lags associated with monetary policy. While inflation remains slightly above target, indicators such as fading job openings and weaker consumer spending suggest a potential economic weakening. On the other hand, the economy grew at a faster rate than expected in Q2 and unemployment rates are still low. The decision on when to cut rates will have implications for investors, but without a major economic shock, the exact timing might not be significant.