Reported 4 months ago
Traders expect the Federal Reserve to deliver a rate cut in September after a U.S. Commerce Department report indicated progress toward the Fed's 2% inflation goal and softened spending. Following the data, traders now perceive a 53% chance of a rate cut in September, up from 49% prior to the report. While the PCE index rose 0.2% in April and consumer spending increased by 0.2%, the data reflects that price pressures are above the Fed's target. Market sentiment suggests doubts about multiple rate cuts this year, with futures showing a 45% chance of a second cut by year-end.
Source: YAHOO