this post was submitted on 26 Jul 2024
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Calm inflation reading keeps the door open at Fed for September rate cut (finance.yahoo.com)
submitted 3 months ago by [email protected] to c/business
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Looks like inflation is around 2.6% and holding steady/falling slowly.

This is good news for the stock market and could impact elections in November since we'll likely see a rally if rates do get cut in Sept.

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[–] RestrictedAccount 2 points 3 months ago (1 children)

This makes sense because it tracks with the M2

[–] Dead_or_Alive 2 points 3 months ago

I don’t expect rate cuts this year. Fed had to claw their way up to get interest rates to where they are. They aren’t going to reduce them as easily as in the past.