• July 16, 2024

Fed Official Discusses Potential Rate Cuts Amid Employment Market Rebalancing

According to BlockBeats, on July 17, Federal Reserve Governor Kugler stated that the rebalancing of the employment market indicates that inflation will move towards 2%. If the unemployment rate continues to rise, it would be appropriate for the Federal Reserve to cut interest rates earlier. He reiterated the stance that a rate cut later in 2024 would be suitable.Kugler mentioned that the risks faced by inflation and employment are now more balanced. While inflation has continued to decline, it remains above the target. Data released by non-governmental sectors provide another perspective on the overall economy. Additionally, Kugler expressed cautious optimism that U.S. inflation will make progress towards the 2% target. The Federal Reserve does not wish for the labor market to cool excessively.

  • July 16, 2024

US June Retail Sales Remain Steady

According to Odaily, the retail sales in the United States for June remained unchanged at 0%, surpassing market expectations of a -0.3% decline. The previous month's figure was recorded at 0.1%.

  • July 16, 2024

Fed Likely To Maintain Rates In August, Potential Cuts In September

According to BlockBeats, as of July 16, data from CME's 'FedWatch' tool indicates a 91.2% probability that the Federal Reserve will keep interest rates unchanged in August, with an 8.8% chance of a 25 basis point rate cut.Looking ahead to September, the likelihood of the Federal Reserve maintaining the current interest rates drops to 0%. The probability of a cumulative 25 basis point rate cut stands at 85.7%, while the chances of a cumulative 50 basis point cut are at 13.7%. There is also a 0.5% probability of a cumulative 75 basis point rate cut.