Interest rates have been expected to drop for some time, however, the federal reserve has yet to do so. This is due to the mixed economic signals they have been receiving. While job loss and unemployment have been on the rise, there has also been increased hiring and wages. This data makes the fed's decision making more difficult. With the fed still keeping interest rates high, people have began to question when they will finally drop. It all depends on future inflation data, as many fed officials have already advocated for rate cuts. Many experts have predicted a drop in interest rates around this coming June, but with mixed economic data, there is difficulty in predicting what will happen next.
https://www.marketplace.org/2024/04/04/when-will-rates-go-down-the-answer-rests-on-conflicting-economic-data/
1 comment:
In a few past blog posts I read about Switzerland finally introducing rate cuts as well as June being the expected date for rate cuts throughout the 20 nation Euro zone, I think there is a good chance that the US will soon do the same and lower interest rates as well.
Post a Comment