The world's largest independent financial advisory and asset management firm, deVere Group, under the leadership of its CEO Nigel Green, has warned that current interest rates are at their highest point in over two decades and require urgent action. He argues that a mere 25 basis points reduction is not enough to change the situation, while a significant 50 basis points cut is necessary to truly indicate the Federal Reserve's commitment to avoiding a hard economic landing. Nigel Green believes this action would significantly show the Fed's dedication to guiding the US economy away from recession. Following this, he suggests a further 25 basis points rate cut in November and December to reinforce the economic recovery's foundations and promote long-term growth.