The Fed is going to cut interest rates?
The EU announced a rate cut tonight, will the Fed also cut interest rates?
BlockBeats news, on June 6, Bank of America economists said in a report that the Fed may keep interest rates unchanged next week, while expecting two rate cuts this year starting in September.
The bank said: "The upcoming data should convince the Fed that the economy is cooling, but it needs more evidence of slowing inflation before it can cut interest rates." This forecast coincides with market pricing based on CME data. Meanwhile, the European Central Bank cut interest rates as expected today, but some analysts sensed a tough tone in the central bank's communication, indicating that further rate cuts may not be in the future.
