Fed Rate Forecasts From JPMorgan and Citi
đ Overview
JPMorgan and Citi predict that the US Federal Reserve (Fed) will reduce interest rates: 50 basis points in September, 50 basis points in November, and 25 basis points in December.
đŁ Current Fed Decisions
đșThe Fed kept interest rates in the range of 5.25%-5.50%, the highest level in the past 23 years.
The Fed said it is moving closer to easing monetary policy as inflation falls and the labor market slows.
đŁ Comments from Chairman Jerome Powell
đșPowell suggested that cuts could happen at the next September meeting.
đșAlthough there has been no official decision, the committee's general feeling is that the economy is approaching the right time to reduce interest rates.
đ Economic Context
đșThe current interest rate is part of efforts to control inflation caused by the pandemic.
đșThe Fed needs more time to evaluate the situation before making a decision to cut.
đ Source: https://t.me/cryptoanalysisvn/1/1912
