The Federal Reserve is expected to cut interest rates in September, with predictions varying between a 25 or 50 basis point reduction. JP Morgan's chief economist Michael Feroli advocates for a 50 basis point cut, arguing that delaying action could be detrimental given current economic conditions. Conversely, economists like George Lagarias suggest a more cautious approach, warning that a larger cut could signal panic and exacerbate recession fears. Meanwhile, Joseph Stiglitz supports the idea of a significant rate reduction to aid inflation and employment. UNC-Charlotte's John Connaughton forecasts multiple rate cuts by the end of 2024, contingent on upcoming job market data. The Federal Reserve's meeting on September 18 will be critical in determining the course of monetary policy amidst mixed economic indicators.