Reported about 8 hours ago
The Federal Reserve is expected to begin cutting interest rates in June due to a significant drop in consumer confidence, which declined at its fastest rate in over three years, alongside rising inflation expectations. Traders are projecting a more than 70% likelihood of a quarter-point decrease in the policy rate, driven by concerns over potential labor market weakness outweighing inflation risks. Meanwhile, underlying inflation is expected to show slight improvement, despite strong labor market indicators.
Source: YAHOO