Bank of America: The Fed is unlikely to signal that a rate cut in September is a foregone conclusion, and may cut rates once in December
Odaily2024/07/26 12:33
By:Odaily
Odaily News Economists at Bank of America expect the Federal Reserve to keep its policy rate unchanged in July while indicating that progress has been resumed in reducing inflation. The banks economists said in a note that the Fed is optimistic about the possibility of a near-term rate cut, but is unlikely to signal that a September rate cut is a foregone conclusion, noting: (A September rate cut) is possible, but it depends on the data. This is the general tone of most FOMC members who have spoken publicly recently. While inflation data is encouraging, more evidence is needed before starting to normalize policy rates. Overall, Bank of America still believes that the Fed will cut interest rates once this December, while not too worried about the risk of a sharp economic slowdown. Economists said, We believe that the
market has begun to be overly optimistic about the upcoming rate cut cycle again. (Jinshi)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Solana network activity surge and ‘megaphone’ chart pattern set $210 SOL price target
Cointelegraph•2025/05/16 08:30
Mastercard and MoonPay Facilitate Global Stablecoin Payments
Coinlive•2025/05/16 07:00
TRON Adopts Chainlink, Securing $5.5B in DeFi TVL
Coinlive•2025/05/16 07:00
XRP Faces 5% Decline Amid Regulatory Uncertainty
Coinlive•2025/05/16 07:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$103,423.98
+1.08%

Ethereum
ETH
$2,573.14
+0.44%

Tether USDt
USDT
$1
-0.00%

XRP
XRP
$2.39
-4.16%

BNB
BNB
$653.52
+0.05%

Solana
SOL
$170.2
-1.59%

USDC
USDC
$0.9999
-0.00%

Dogecoin
DOGE
$0.2236
-2.22%

Cardano
ADA
$0.7698
-1.68%

TRON
TRX
$0.2727
+0.71%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now