SPY News: Fed's Powell 'may prefer not to change rates before an election', strategists say - 14th Jul 2024, 7:02pm

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The softer-than-expected inflation report for June has fueled market expectations of a rate cut by the end of the year, which could occur before the November elections.

This speculation contributed to the US dollar's recent decline and a surge in various market sectors, including bonds, small-cap stocks, and homebuilders.

Gavekal Research's analysis pointed out that the current inflation data is more favorable for rate cuts than it was at the end of last year. As of December, the three-month a...

>>> Read more: Fed's Powell 'may prefer not to change rates before an election', strategists say
 
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