The Fed statement may remove the wording of "high inflation"
According to Reuters, the Fed's policy meeting next week may remove the wording about high inflation. If this is true, it will be the strongest signal yet that the Fed plans to cut interest rates as early as September and start its easing cycle. Adjusting the description of inflation from high to more moderate words may also lead the Fed to modify another key sentence in its current policy statement: the Fed will not cut interest rates until officials are more confident that inflation is moving towards 2%. In late June, 2024 FOMC voting member Bostic indirectly hinted that if the inflation rate falls to 2.5% or below, it can be used as an indicator to consider adjusting the inflation description. Many economists believe that the June PCE data to be released on July 26th will fall to or below this threshold.
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.
You may also like
BTFD’s $0.0002 Launchpad Attracts Bulls—SLERF and GOAT Trade Red Among the Top New Meme Coins to Join Today
Explore the top new meme coins to join today. BTFD’s $0.0002 presale attracts bulls, while SLERF holds green and GOAT trades red in weekly charts.BTFD Coin’s Bulls Squad Powers a Presale Surge as Final Countdown BeginsGOAT Dips as Weekly Pressure MountsFinal Thoughts
Unstaked to Deliver 2,700% ROI, ICP Eyes $10 & SUI Rallies: Which Crypto Will Lead The Market in 2025?
ICP hits new resistance levels and SUI rallies, but Unstaked’s real AI utility and 2,700% ROI potential make it the crypto’s next big thing.ICP Eyes $10 as Support Holds StrongSUI Price Jumps 15%, But Aptos May Have the EdgeUnstaked: The Hidden Gem with 2,700% ROI PotentialFinal Thoughts
Web3 ai’s Advanced AI Tools Push Presale To $4.5 Million, as SUI Breaks Out & XLM Climbs the Charts
Discover how Sui (SUI) breaks through key resistance and Stellar (XLM) moves to surpass SHIB, while Web3 ai’s $0.000365 token and AI tools could deliver 1,747% ROI.SUI Price Rally Extends Beyond $4.10 After Breaking $3.50 MarkStellar (XLM) Sees Strong Momentum and Market Cap GrowthWeb3 ai’s Scam Detector Adds Real Protection for Crypto UsersSumming Up!
Solana Mobile to Launch Seeker with $SKR Token and Revamped Dapp Store
Trending news
MoreCrypto prices
More
