Reported about 1 month ago
Federal Reserve policymakers are expected to cut interest rates by 25 basis points in September, with projections for a total decrease of 100 basis points by year-end, as inflation cools and economic conditions shift. Recent data showed the PCE price index rising by 2.5% compared to last year, indicating a steady decline in inflation which could prompt more aggressive rate cuts if the labor market deteriorates.
Source: YAHOO