Reported 7 months ago
As of June 13, 2024, the Federal Reserve has not yet lowered interest rates, but foreign banks believe that despite strong global economic growth, more data is below expectations, indicating a slowdown in economic growth and anticipating a rate cut by the Federal Reserve in September. Various economists predict different timelines for a rate cut, with factors such as inflation numbers influencing the decision and some suggesting a delay until December. Market expectations for rate cuts accumulate to only 30-40 basis points by year-end. The article also touches upon the current economic climate affecting consumer spending and labor markets in the US and UK.
Source: YAHOO