
Economists lower US inflation expectations, is the timing for the Fed rate cut becoming ripe?

Economists predict that the US inflation rate will decrease and the unemployment rate will rise, prompting the Federal Reserve to cut interest rates. Forecasters believe that the core personal consumption expenditure price index, excluding food and energy, will reach 2.6% this year, slightly lower than last month's forecast of 2.7%. It is expected that the overall personal consumption expenditure price index at the end of the year will be 2.4%. Economists also predict that the unemployment rate in the fourth quarter will reach 4.2%. According to surveys, there is a 30% chance of a recession. Despite the quarterly growth rate expected to be below 2%, the economy will still hold up until 2025
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