Fed's Barkin hints at a possible 25 basis point rate cut in September

Fed's Barkin said he is taking a "trial and error" approach to rate cuts, suggesting he may support a 25 basis point cut rather than the 50 basis point cut some analysts believe. He noted that inflation is still half a percentage point above the Fed's 2% target, and that a rate cut could ultimately help boost inflation by boosting demand for housing and other items.