Reported 4 months ago
Invesco Chief Global Market Strategist, Kristina Hooper, discusses the implications of the Personal Consumption Expenditures (PCE) data pointing towards a disinflationary trend ramping up in Q2, suggesting potential Federal Reserve rate cuts. Hooper notes the Fed could start cutting rates in July or September, emphasizing the risks of maintaining high rates. She believes the Fed needs to look forward and consider long-term effects on the economy. The article explores the factors influencing market trends and the significance of inflation on investor sentiment and the upcoming general election.
Source: YAHOO