Reported 1 day ago
Despite Wall Street anticipating a 94.2% chance of an interest rate cut by the Federal Reserve in September, the Fed has yet to make a move this year. Kelsey Berro from JPMorgan explains that unlike last year, the Fed's current environment shows a lower funds rate, steady unemployment, and slow payroll growth, prompting caution against cutting rates further. The Fed remains focused on balancing growth against inflation, which complicates the decision-making process.
Source: YAHOO