Fed Should Cut Rates at Next Three Meetings, Economist Swonk Says

The transcript discusses the market's anticipation of rate cuts, highlighting that the current cycle adjustment is not the start of a long series of cuts. It explores the potential for rate cuts in September, October, and December, which could reverse the 2018 Fed rate hikes. The discussion includes the impact of Brexit and trade wars on these forecasts. The Fed aims to counteract business hesitation and economic uncertainty, but faces challenges due to limited room for further rate cuts in a recession.

What is the significance of the October 30th meeting mentioned in the text?

How does the speaker describe the challenges of cutting rates during a recession?