Economist: There is a high possibility that the Federal Reserve will cut interest rates in September.
Nationwide Financial Chief Economist Casey Bosdetjan Jicchi said that in the next two months, a large amount of data will influence the decisions of the Federal Reserve. However, if the trend continues as it is now, the Fed should be able to relax its policies. "I think the likelihood of a rate cut in September is quite high," the key factor in her decision is that the labor market could weaken. But for Fed officials, the trouble lies in the possibility of inflation rising at the same time.
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