The Federal Reserve could surprise with a rate cut in July due to signs of an impending recession in the US economy.
Although many expect cuts in November, Steven Blitz of GlobalData TS Lombard predicts a 60% chance of it happening next month, while the market's bets are just 10%.
Recent data shows a cooling in the labor market and a slowdown in home construction, which could accelerate the Fed's decision.
With the economy showing cracks and some Fed officials suggesting waiting until December, this potential cut in July could be a game-changer.
Stay tuned!