Nomura Securities: Markets are divided on the Fed's 50 basis point rate cut in September

Odaily News “The market is divided on whether the first rate cut in September will be 25 basis points or 50 basis points,” said Jonathan Cohn, head of U.S. rates strategy at Nomura Securities International. “It depends almost entirely on the outcome of the jobs report. If certain thresholds are met in terms of unemployment and layoffs, then 50 basis points is definitely on the table.”