Strategist: Inflation and Employment Pave the Way for Fed Rate Cut in September
According to a report by Jinse Finance, Seema Shah, Chief Global Strategist at Principal Asset Management, stated: Friday's PCE data met expectations, which is a relief, and the Federal Reserve is also pleased with this outcome. However, the policy path remains uncertain. Further deceleration in inflation, coupled with more evidence of a weakening job market, will pave the way for the first rate cut in September.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Market focuses on Federal Reserve meeting minutes as uncertainty over interest rate direction intensifies
Data: A certain whale withdrew 2,450 ETH from a certain exchange within 1 hour, worth approximately $7.91 million.
Trending news
MoreCrypto prices
More
