Former Federal Reserve official: Rate cut likely in September, but not the start of a full easing cycle

Former Federal Reserve officials have indicated that given recent developments in inflation, the Fed is likely to cut interest rates in September, but this does not mean the beginning of a comprehensive rate-cutting cycle. He pointed out that due to high fiscal deficits and persistently high energy prices, the Fed will make policy decisions at each meeting. The president of Adney Research believes that the Fed will cut rates once in September, but there may not be any further cuts afterwards. He expects the trading range of US bond yields to be between 4% and 5%. The US economy appears to be doing quite well, and inflation is moving in the right direction, leading to questions about the rush to lower interest rates