Former New York Federal Reserve President Bill Dudley has called for the Fed to cut rates as soon as next week due to rising recession concerns. This marks a shift from his previous stance advocating for higher rates. Dudley argues that the economic landscape has changed, with efforts to cool the economy now visibly impacting lower-income households, particularly through higher credit card and auto loan rates, and a cooling labor market. He points to the three-month average unemployment rate nearing a recession-indicating threshold, known as the Sahm Rule. Fed Chairman Jerome Powell also recently highlighted labor market softening as a significant risk. While inflation continues to slow toward the Fed's target, Dudley acknowledges the risk of cutting rates too soon. Despite Dudley's concerns, about 95% of traders expect the Fed to keep interest rates steady at the upcoming July meeting.
#KVB# #FlashNews# #BrokerNews# #Fed# #StockMarket# #Recession# #UnemploymentRate#
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
