Reported 7 months ago
Federal Reserve policymakers likely to proceed with interest-rate cuts after US inflation eases as consumer prices showed no rise in May, aligning with the Fed's 2% inflation goal. Market expectations for a rate cut in September and December have increased, although the Fed is expected to maintain the current policy rate of 5.25%-5.5% following the latest data report. However, uncertainty remains on how heavily the Fed will weigh the fresh information in their upcoming policy decisions.
Source: YAHOO