Reported 1 day ago
Financial markets are increasingly convinced that the Federal Reserve will begin cutting interest rates by September, following unexpectedly low U.S. inflation figures. The Consumer Price Index showed only a 0.1% increase in May, influencing traders to anticipate a nearly 68% chance of a rate cut by the Fed, compared to a previously lower estimate. With the current interest rate held steady since December, uncertainties remain regarding tariffs and their economic impact, but optimism is rising in the markets.
Source: YAHOO