Reported 3 days ago
American consumers are increasingly pessimistic about the economy, leading to a potential shift in the Federal Reserve's approach to interest rate cuts. With inflation expectations at their highest in over 30 years, the Fed may be cautious in responding to economic weaknesses. Despite markets anticipating rate cuts starting in June, rising inflation concerns could complicate these plans. The upcoming Fed meeting is critical as it will provide insights into their projections for inflation and interest rates.
Source: YAHOO