Market participants are trying to predict if the US Fed will lower interest rates at its meeting in September. Many experts believe there’s a nearly 100% chance of a rate cut. Economists are now speculating on the magnitude of the interest rate reduction by the end of the year, focusing on assessing the inflation rate. Nonetheless, the robust labor market, thriving business activity, and steady GDP growth in the US may mitigate the necessity for a substantial interest rate cut by the Fed.
In the upcoming week, market participants will monitor the release of the US manufacturing and services PMIs. The… Read full author’s opinion and review in blog of #LiteFinance
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