Reported 2 months ago
US stocks are gaining after jobless claims unexpectedly fell, fueling optimism about the economy. However, Stifel's chief economist, Lindsey Piegza, notes that for the Federal Reserve to decrease interest rates, they need stronger confidence in sustainable disinflation trends, stating, 'the onus is on the data.' While a slight decrease in key price metrics could prompt a rate cut in September, the Fed remains cautious.
Source: YAHOO