Analyst: Rate cut in July still unlikely, but inflation slowdown is a comprehensive positive for the stock market
Seema Shah, Chief Global Strategist at Principal Asset Management, stated that inflation data has firmly put the Federal Reserve on the path to a rate cut in September. A rate cut in July is still unlikely. She said, "However, the Fed still needs to gather more evidence to prove that price pressures are easing before they can be absolutely certain about the inflation trajectory." "At present, strong employment data and continuously slowing inflation are overall positive for the stock market."
On July 11th, Jinshi Data reported that Seema Shah, Chief Global Strategist at Principal Asset Management, stated that inflation data has firmly put the Federal Reserve on the path to a rate cut in September. A rate cut in July is still unlikely. She said, "However, the Fed still needs to gather more evidence to prove that price pressures are weakening before they can be absolutely certain about the inflation trajectory." "At present, strong employment data and continuously slowing inflation are overall positive for the stock market."