Reported 7 months ago
On Wednesday, June 13, several significant economic news came out in the United States, starting with the crucial inflation report where the consumer price index (CPI) for May showed a cooling trend; followed by the Federal Reserve's interest rate decision remaining unchanged as expected, but the expected number of rate cuts for this year decreased from three to only one. Fed Chairman Powell hinted at a single rate cut before the year ends, likely in December, with little probability of a rate cut before the November presidential elections. The market remains vigilant as the moderate CPI report raises questions on the Fed's rate cut trajectory.
Source: YAHOO