Reported 11 days ago
Recent economic data, including a 3% GDP growth rate and a decline in jobless claims, suggests the labor market is healthier than previously thought. Despite a weak consumer confidence report, Deutsche Bank's Deepak Puri indicates that there isn't enough evidence to justify a 50 basis point rate cut from the Federal Reserve, predicting instead that two 25 basis point cuts may occur later this year.
Source: YAHOO