Reported 10 months ago
Amid ongoing speculation about the Federal Reserve's (Fed) interest rate cuts, recent dovish comments from Fed Chair Jerome Powell have raised market expectations for a potential rate reduction in July, even though analysts believe that September has become the more likely month for action, with a 90% probability projected. While current inflation rates hover around 3%, a downward trend is evident, and economists expect the Fed to implement rate cuts of 25 basis points in both September and December due to underlying economic conditions.
Source: YAHOO