Reported about 2 months ago
Investors expect a Federal Reserve rate cut in September, likely around 25 basis points, according to ING Chief International Economist James Knightley. He believes the Fed is becoming cautious despite positive inflation data and emphasizes their dual focus on achieving a 2% inflation target and maximizing US employment. Knightley suggests that upcoming commentary from Fed Chair Jerome Powell at the Jackson Hole meeting should acknowledge recent economic improvements, which may lead to a series of rate cuts.
Source: YAHOO