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

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