Reported 11 months ago
Taiwan Shin Kong Investment General Manager Lu Renjie on June 8, 2024, discusses the possibility of a rate cut by the US Federal Reserve (Fed) in July. Despite initial optimism of an early rate cut, recent economic data indicating a slowdown has led to market concerns and a reassessment of expectations. The market is currently underestimating the probability of a rate cut in July, with expectations leaning more towards September. The Fed's decision will heavily rely on upcoming economic indicators before the July FOMC meeting.
Source: YAHOO