Investors and analysts eagerly await the July Federal Open Market Committee (FOMC) decision on whether the federal funds rate will be cut.
What Happened:The July FOMC meeting is held July 30 and 31 and will likely be the eighth straight meeting with federal funds rates remaining the same at 5.25% to 5.50%.
Easing inflation over the past several months has led to an increasing likelihood that the Fed could cut federal funds rates at the July meeting or the September meeting set for Sept. 17 and Sept. 18.
Benzinga recently asked readers: "Should the Fed cut rates this week or wait until September?"
The results...
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