Biden's campaign situation is very bad now. Whether he is nominated or running himself, he will face a huge problem: how to defeat Trump. It is too late to cut interest rates in September because the effect of interest rate cuts takes time. If you want to gain more support from middle forces before the election, the most direct way is to give them benefits. So I think it is possible to cut interest rates in August, and the interest rate meeting at the end of July will announce a 25 basis point cut in August. This is also what Trump does not want to see.
Okay, let’s highlight the key points: There should be a round of decline until the end of July, and then there will be a big rise at the end of July.
Hopefully it will reach 150 by the end of the month!
