Reported about 1 year ago
Wall Street analysts are optimistic about interest rates after a positive report on the consumer price index for May, with investors seeing a 72% chance the Fed could cut rates three times or more by December. The latest inflation data has bolstered expectations for monetary policy easing, as inflation was flat last month and up 3.3% year over year, potentially setting the stage for rate cuts as soon as September. Analysts believe a 'clear path to a soft landing' is emerging, with a potential Fed cut in September being viewed as 'overwhelmingly likely.'
Source: YAHOO