Fed: is this the dumbest or smartest interest rate cut ever?

It is 100% certain that the Fed will reduce its range of policy rates at the next FOMC meeting On July 31. The US central bank has laid the groundwork so effectively that we simply cannot imagine it backtracking at this point. Yet one cannot help but wonder what the real reason behind this monetary easing is. Many explanations have been given: risk of recession, stock market crash, US-China trade war, fiscal mishap, weakness of the labour market, drop in expected inflation. None ...