{"id":104580,"date":"2024-08-12T19:13:01","date_gmt":"2024-08-12T15:13:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=104580"},"modified":"2024-08-12T20:19:21","modified_gmt":"2024-08-12T16:19:21","slug":"boa-top-official-urges-fed-to-cut-interest-rates-in-september","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boa-top-official-urges-fed-to-cut-interest-rates-in-september\/08\/12\/market-updates\/","title":{"rendered":"BoA top official urges Fed to cut interest rates in September"},"content":{"rendered":"\n<p>Brian Moynihan, the CEO of Bank of America, requested the Federal Reserve to lower interest rates in order to relieve pressure on American customers during a week marked by significant volatility in the U.S. economy and market worries. <br><br>&#8220;They&#8217;ve got to be more careful than the downside of not starting to move down rates to restore a feeling that, you know, there&#8217;s light at the end of the tunnel,&#8221; he stated during a segment on &#8220;Face the Nation with Margaret Brennan.&#8221;<br><br>&#8220;They&#8217;ve told people rates probably aren&#8217;t going to go up, but if they don&#8217;t start taking them down relatively soon, you could dispirit the American consumer.&#8221;<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brian Moynihan, the CEO of Bank of America, requested the Federal Reserve to lower interest rates in order to relieve pressure on American customers during a week marked by significant volatility in the U.S. economy and market worries. &#8220;They&#8217;ve got to be more careful than the downside of not starting to move down rates to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,7740],"class_list":["post-104580","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=104580"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104580\/revisions"}],"predecessor-version":[{"id":104586,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104580\/revisions\/104586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61086"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=104580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=104580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=104580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}