LIVE S&P 500 Builds on Record High After PPI Inflation Report Last Updated: 37 min ago The Fed Won't Go Big on Rates, Says Neil Dutta. Why It Should. By Karishma Vanjani Proponents of a rate cut have "a very strong case" for a large move lower in rates this time around. That's according to Neil Dutta, head of economics at Renaissance Macro Research. In a note Wednesday, he wrote that given labor market conditions are cooling more rapidly than they were to start the year and tariff related pass-through has n ...