Written by DML
Where is a blaring headline today atop the Wall Street Journal’s website. It reads:”A Fed Rate Cut Is Finally Within View”
Although Federal Reserve officials are expected to keep interest rates unchanged in the upcoming week, their meeting will still be highly significant.
Throughout their four meetings this year, the possibility of rate cuts has been deferred. However, with recent inflation and labor market trends, officials may hint at the likelihood of a rate cut in their next meeting scheduled for September.
Consequently, this week’s meeting, concluding on Wednesday, might help resolve Chair Jerome Powell’s dilemma of whether to cut rates sooner or wait longer, potentially leaning towards an earlier action.
Make no mistake, as I have pointed out to you on The DML Podcast, this is one of four steps to be taken to ensure a Harris victory.
Earlier this week, I explained the four points of economic relief that will be pushed in the next few months. Start the video at the 7-minute mark.
