Fed's Potential Interest Rate Cut in the Wake of Inflation Trends
Recent reports suggest a potential interest rate cut by the Fed as inflation trends evolve. Factors like waning pandemic savings and a weakening job market propel calls for rate cuts.
Powell's cautious stance on 2% inflation precludes an imminent July cut but signals a likely September adjustment. Vanguard predicts a rate hold at 5.25-5.5% through 2024, reflecting confidence in growth and inflation persistence.
Despite cooling in the Fed's preferred inflation measure, policymakers remain vigilant, delaying immediate rate cuts. The market foresees a 99.8% chance of a rate cut by September.
Vanguard's forecast of 3.4-5.4% annualized growth for US stocks anticipates market reactions to potential rate alterations, hinting at diverse impacts across financial sectors.
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