Fed could ease interest rates as early as September: Economist

ISM Services June Purchasing Managers Index (PMI) came in at 48.8, falling below the anticipated 52.7. S&P Global Ratings chief global economist Paul Gruenwald joins Catalysts to discuss the reading and what it signals about the economy's health.
"We've been waiting for some time for the economy to slow down. And the surprises have been on the upside, even on inflation. So now we've got a couple of really soft prints and the focus is going to be on the language coming out of the Fed," Gruenwald explains. He believes an interest rate cut could come in December but notes that as more soft prints come out, a cut could be initiated as soon as September.
He adds, "We're going to need some more evidence. The next move for the Fed is down, question is when it happens." Gruenwald explains that the global rate cut cycle has started as the European Central Bank and Bank of Canada have both cut rates. When it comes to the US, he says, "We need the economy to slow down. But we need it to moderate, not to not to fall off quickly."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
#fed #interestrates #yahoofinance

[@chefrorras]

This is the biggest wealth transfer in human history... So many closed minded people are going to miss out. Be happy you own this thing.

[@Sparta1993]

I’ll be happy when the promises and theories are proved right. At the moment I’m not sold.

[@fqs1]

It is funny that not everyone knows about GPTFX

[@bankov2]

GPTFX can go 50x after the full launch is happening mark my words

[@verbalepitome]

What's up with all the bot generated GPTFX comments ?

[@alexdasliebe5391]

Is this a GDPTX comment in disguise?

[@DrHughMonguscoque]

KZbin is too busy deleting actual human comments to deal with the bots

[@granacetate]

Maybe the last week we can get GPTFX before it takes off 1,000%.

[@momslikeyouchoosejif]

I have 1.1 million GPTFX and im in no hurry to sell , my next big bag will be Jasmy

[@LahiDesenfrenada]

In long ways ETH eventually will outperform the rest but closest to that has to be GPTFX

[@tstirzaker]

When GPTFX is less than $1 that is compared to BTC less than $1000. It will blow up like crazy

[@lhehehel]

I believe GPTFX is the most advanced and intelligent making a point against all these useless ones

[@iballll]

I can't believe how undervalued GPTFX is, considering who made it and all the tech, vision etc behind it.

[@ENJDEE]

GPTFX will literally shoot through the roof

[@stefaniataddeo]

GPTFX is out of US companies the best horse. They are smarter and more innovative than any L1 or L2 assets

[@revesetveillees]

Sold all my ETH yesterday and bought GPTFX

[@yiksze]

My investment portfolios are Bitcoin, ETH and GPTFX

[@dougglazebrook]

You should buy ETH and GPTFX if you care about your future

[@julumuge]

Can anyone explain GPTFX? I am curious and wanna know

[@cassiegrrrl]

GPTFX is the new SHIBA, 20x in the first week

[@Mob28s]

GPTFX IS GOING TO MAKE ME MILLIONAIRE

[@casperuk06]

What a statement, damn. So its said that GPTFX is just about to launch and I think that will really change a lot of what was happening in the previous years, 2024 will shine yay

[@alexisefisher]

Thank you for the update GPTFX is done right, and waiting is part of the process.

[@kclyt07]

Fed talks too much and too often. That's a bigger problem than rate cuts or no cuts.

[@pichy26]

Thanks for sharing PEPE and GPTFX.

[@Horisuzu]

Personally I think GPTFX is an amazing great project but like Matt said is not sunshine and rainbows it'll be obstacles on the way but never the less I think Jasmy will prevail not on the 2028 bullrun but on this one we're in right now. Cheers

[@develi01]

Eagerly awaiting the impact of GPTFX on the crypto market. The presale is just the beginning of what promises to be a groundbreaking journey

[@Knife0714]

Let's goooo $GPTFX !!!!

[@jeffreykiesnoski7984]

Lowing interest rates like in 2008 means the economy is screwed. I don’t know why anyone think this is good. In 2008 they aggressively cute rate only to see the stock market crash and subsequent housing market 3-4 collapse. History repeats itself.

[@edutexas]

GPTFX simply life changing..

[@ONEILL34]

I have 1.1 million GPTFX and im in no hurry to sell , my next big bag will be Jasmy

[@matneemoo]

I believe GPTFX is the most advanced and intelligent making a point against all these useless ones