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🟠CAUTIOUS FED STANCE ON RATE

🟠CAUTIOUS FED STANCE ON RATE

Day: 09 | Time: 17:14:16.000Z The Fed is taking a cautious stance on interest rate cuts despite positive economic data showing a decrease in inflation. The first rate cut is expected to happen in September, according to the Fed Watch. However, Citi analysts predict eight interest rate cuts starting from September 2024, bringing the rate from 5.25%-5.5% to 3.25%-3% by July 2025. Finally, it is predicted that rates will remain at 3.25%-3% for the rest of 2025. These predictions are based on data such as economic slowdown, decrease in inflation, increase in unemployment, and negative index in the service sector.

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