With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing” narrative that has helped drive U.S. stocks in 2024 can continue.
Federal Reserve Chair Jerome Powell on Friday said the “time has come” to begin lowering interest rates – a more dovish message than many investors had believed they would hear at the central bank’s annual conference in Jackson Hole, Wyoming. That process will likely begin next month, with a 25 basis-point cut at the Fed’s monetary policy meeting on Sept. 17-18..
Source: REUTER
