Feroli said in a note on Thursday that the Fed should have lowered rates in July and that a 50-basis-point cut this month would help policymakers catch up.
In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong labor market.
Central bankers will meet again Nov. 6-7, and Feroli expects another 50-point reduction, though that's conditional on the next two job reports showing more weakness.
Investors are split nearly evenly between 25 points and 50 points for the November meeting, according to CME's FedWatch tracker.
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