The US may soon lower interest rates and trigger a global BULL-RUN!
Expectations about the possibility of the US Federal Reserve (Fed) soon cutting interest rates are increasing thanks to the latest statements of US Central Bank head Jerome Powell.
“We do not want to wait until inflation is exactly 2% to act. We do not want to waste unnecessary waiting time because inflation will likely continue to weaken and fall below 2% in the near future," Mr. Powell shared in a testimony before the US Congress.
The new CPI index released tonight decreased from 3.3% to only 3%, which is an extremely positive signal and this can completely motivate the FED to start lowering interest rates from September 2024!
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