Reported 2 months ago
This week, U.S. stocks are reacting to key economic reports including the Consumer Price Index and Producer Price Index, which may influence the Federal Reserve's plans for interest rate cuts anticipated in September. Economist Thomas Simons discusses how the Fed's monetary policy will adapt to the latest data and highlights the current state of the U.S. economy, which he sees as stable but warns about the potential consequences of rate cuts on inflation.
Source: YAHOO