🔥🔥🔥 ARE FED INTEREST RATE REDUCTIONS COMING ❓: CAN 3 INTEREST RATE REDUCTIONS COME THIS YEAR❓
➡️ Peter Cardillo, chief market economist at Spartan Capital Securities, stated in his statement in July that the June Consumer Price Index (CPI) report is a positive sign for both consumers and the economy. Cardillo emphasized that this report will be welcomed with great joy by the markets and shows that Federal Reserve Chairman Jerome Powell's 2% inflation target is achievable.
➡️ Following the June CPI data, Powell hinted at the possibility of an interest rate cut in September. Cardillo suggested that if a positive inflation report comes in August, the Fed may cut interest rates at least two or even three times this year. However, he added that if macroeconomic indicators remain weak over the next three decades, the Fed may make surprise moves.
➡️ Economists state that US inflation has slowed down in recent months, which may support the Fed's decision to reduce interest rates. According to the Wall Street Journal, the latest inflation data paints a positive picture of the Fed reaching its target, making rate cuts more likely.
🔥🔥🔥 Market players who expect an interest rate cut in 2024 are focused on the inflation report to be announced in August. If this report is positive, it seems likely that the Fed will cut interest rates three times this year!!
