The Federal Reserve’s upcoming meeting on Sept. 18 is shrouded in uncertainty, with market participants debating whether the central bank will cut rates by 0.25% or opt for a more aggressive 0.5% reduction. Adding another layer of complexity to the Fed’s rate decision, three U.S. senators—Elizabeth Warren, Sheldon Whitehouse, and John Hickenlooper—sent a letter to the Fed on Monday urging a jumbo cut of 75 basis points. “We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a two-decade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Mar…
