Reported 9 months ago
The latest Personal Consumption Expenditures (PCE) data indicates a potential Federal Reserve rate cut in July, with a reading of 2.6% sparking investor optimism. Chief Strategist Michael Green highlights the significant slowdown in inflation, dating back to 1972, raising concerns about potential deflation. Despite this, Green sees a 'reasonable chance' for a near-term rate cut, possibly as soon as next month based on an expected positive inflation print. He discusses the market implications of the cutting cycle and the need for portfolio positioning amid uncertainties in the economic outlook.
Source: YAHOO