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Investing.com -- Bets on the Federal Reserve cutting rates by September rate have been revived by recent data suggesting disinflation is back on track, but Macquarie continues its call for no cuts this year flagging a core goods a key upside risk to inflation.
"Our baseline for FOMC policy remains unchanged from last month, Macquarie said in a recent note. "We suspect rate cuts will only commence in 2025 when there is greater scope for YoY core PCE inflation to appear to be tracking back toward...
>>> Read more: September Rate-cut bets on the rise, but Macquarie maintains outlook for no cuts
"Our baseline for FOMC policy remains unchanged from last month, Macquarie said in a recent note. "We suspect rate cuts will only commence in 2025 when there is greater scope for YoY core PCE inflation to appear to be tracking back toward...
>>> Read more: September Rate-cut bets on the rise, but Macquarie maintains outlook for no cuts
