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The Fed hints at "cutting interest rates" as early as July – A big boost for the financial market?
Fed officials hinted at the possibility of a rate cut as early as July. Inflation is "cooling down", the Fed may cut interest rates sooner than expected. Member of the Board of Governors of the Federal Reserve (Fed), Christopher Waller, stated that the fall in interest rates could occur sooner than the market expects, possibly as early as next July. In an interview with CNBC, Mr. Waller stated that core inflation is showing a positive trend in recent months. He calls these "good news rate cuts," as inflation approaches the target, the Fed has every reason to ease monetary policy. The market is optimistic, but the FOMC remains cautious. Although expressing a positive personal opinion, Waller acknowledged that this does not necessarily reflect the overall view of the Federal Open Market Committee (FOMC). In its latest announcement, the FOMC stated that it will maintain the federal funds rate at 4.25%–4.5%, believing that this level is appropriate to balance between controlling inflation and promoting employment. Since the 0.25 point fall in interest rates in December 2023, the Fed has maintained a "wait-and-see" stance to monitor additional data.
The market bets higher in September According to the CME Fed Watch Tool, there is only about a 14.5% chance that the Fed will cut interest rates in July, but this percentage increases to 61.8% at the September meeting. Although expectations are divided, Waller's statement shows that the Fed has begun to prepare for a policy adjustment if inflation continues to fall, opening up positive signals for the global financial market. The US is preparing to print 9 trillion USD – Arthur Hayes warns: "Bitcoin will be the biggest safe haven!"