Summary:
Fed officials are expected to keep the key interest rate steady this week, despite some economists suggesting July is the right time for a cut.
The Fed's Jul meeting
7/31/2024 (Wed)
Previous (Jan): 5.50% Forecast: 5.50%
Officials at the Fed are widely expected to hold the key interest rate steady later this week though some economists saying July is the right time to cut.
In recent speeches, Fed officials have said they were encouraged by data showing inflation had fallen steadily in recent months, but more data are needed before committing to cutting rates.
A September rate cut could cause the central bank to face political criticism from both sides of the aisle in Washington. Republicans would get riled up by the move, otherwise Democrats would push for it.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
EUR/GBP rises above 0.8500 as soft UK data boosts BoE rate cut bets, while hawkish ECB remarks provide support for the euro.
2025-06-13
As the decline of US dollar hegemony intensifies, US-China trade tensions ease but tariffs stay high, raising global economic risks.
2025-06-13
London's FTSE 100 hit an all-time high on Thursday, led by energy shares, but geopolitical concerns limited further gains compared to European peers.
2025-06-13
