Strategist: Inflation and Employment Pave the Way for Fed Rate Cut in September
According to a report by Jinse Finance, Seema Shah, Chief Global Strategist at Principal Asset Management, stated: Friday's PCE data met expectations, which is a relief, and the Federal Reserve is also pleased with this outcome. However, the policy path remains uncertain. Further deceleration in inflation, coupled with more evidence of a weakening job market, will pave the way for the first rate cut in September.
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