Reported 23 days 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