Raging inflation shatters market dreams! Will the Federal Reserve not cut interest rates in June, and possibly even raise them?
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Former US Treasury Secretary Lawrence Summers said that the rise in the US Consumer Price Index (CPI) in March could mean that the Federal Reserve may raise interest rates. He believes that a rate cut in June could be a mistake, leading to a possible downturn in the financial markets. Goldman Sachs Chief Economist Jan Hatzius has postponed the timing of the first rate cut to July and expects the Fed to cut rates twice this year. He stated that the committee will need to see sustained strong inflation data and prolonged weak data
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