Russell Price, Chief Economist of Ameriprise Financial, said that the unexpected decline in inflation data in August could open the door for the Federal Reserve to initially cut interest rates by 50 basis points. He expects the overall monthly CPI to be 0.1%, lower than the market's general forecast of 0.2%. He said, "This will give the Federal Reserve more room to cut interest rates by 50 basis points instead of 25 basis points." However, he stated that if the Federal Reserve chooses to take a more moderate pace of interest rate cuts, it may still be able to avoid an economic recession. The 50 basis point cut is not important.