Reported 3 months ago
As the Federal Open Market Committee (FOMC) prepares for its meeting, many investors believe an interest rate cut won't happen until September, though there are crucial indicators to monitor. Liz Young, SoFi's investment strategy head, emphasizes the importance of consumer data from discretionary and staples sectors, along with jobs and inflation reports, to anticipate potential cuts. Key data releases scheduled before the next FOMC meeting could influence the decision, with the first cut expected in September.
Source: YAHOO