Reported 1 day ago
Despite recent positive economic indicators, Wall Street strategists believe the Federal Reserve is unlikely to cut interest rates in the near future due to ongoing uncertainties related to tariffs and inflation. While markets are optimistic about potential rate cuts starting as early as September, significant labor market deterioration may be needed for the Fed to change its course sooner. Analysts call for a cautious approach as the impact of tariffs and inflation remains unclear.
Source: YAHOO