Interest rate cut! The forecast remains unchanged until November 🤔🤔

Steven Stanley, chief economist in charge of the US at Santander US Capital Markets, predicts that policy interest rates will remain unchanged until November. “Six weeks ago, the Federal Open Market Committee (FOMC) wanted to get more confidence that inflation was moving towards 2%. Since then, there has been nothing but bad news about inflation,” he pointed out in the report.

November!!!

If interest rates were to be cut, I think July to October, but... hmm