Bank of America sounds the alarm: Inflation is still rising, but the Federal Reserve is set to cut interest rates! The dollar may face a rare 20-year impact
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Bank of America warns that the dollar faces unfavorable conditions, as the Federal Reserve may cut interest rates amid rising inflation. This situation is rare in the past 20 years and could repeat the events of 2007. Analyst Howard Du points out that if the Federal Reserve resumes interest rate cuts, the depreciation of the dollar may continue. Traders expect an approximately 85% chance of a 25 basis point rate cut by the Federal Reserve in September. At the same time, the euro to dollar exchange rate is expected to rise to 1.20. The Bloomberg Dollar Index fell about 1.3% in August
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