U.S. Secretary of Commerce: "Interest Rates Need to Go Lower"

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Summary

The U.S. Secretary of Commerce was reported to have stated that interest rates need to be lower.
Secretary of Commerce Howard Lutnick said, "We all agree on this."
Morgan Stanley previously reported that starting in September, the Fed would lower interest rates by 25bp.

The U.S. Secretary of Commerce argued that interest rates need to be lower.

According to Walter Bloomberg on the 26th (local time), Secretary of Commerce Howard Lutnick stated, "Interest rates need to go lower," adding, "We all agree on this."

Previously, Morgan Stanley projected that starting in September, the Fed would lower interest rates by 25bp.