Reported 6 months ago
Experts suggest that the Federal Reserve may not consider cutting interest rates until they see at least three moderate inflation gains, possibly ruling out rate cuts in June and July and targeting September as a potential easing point if inflation trends align. The Fed's target of reaching a 2% inflation rate could potentially be achieved by 2025, with some estimates suggesting it may not happen until mid-2027, although progress in bringing down inflation could be seen sooner due to factors like weakening shelter inflation and slowing domestic growth impacting wages and labor markets. The consumer is viewed as being in decent shape, with moderate income growth and a solid labor market supporting stable consumer spending growth of around 2%.
Source: YAHOO