Reported 27 days ago
Recent economic data, including a slight increase in the Producer Price Index (PPI), has led strategists to call for a 50 basis point cut to interest rates at the upcoming Federal Open Market Committee meeting. While inflation data shows manageable pressures, experts like Brian Szytel and Omair Sharif emphasize the bond market's urgent need for this cut to enhance stability and support a soft landing for the economy.
Source: YAHOO