Fed rate cut may be delayed until July, CPI data higher than expected
According to the Jin10 report, Art Hogan, chief market strategist of B Riley Wealth, said that the CPI, both overall and core, both on a monthly and annual basis, is higher than expected. That's enough to delay the first rate cut by at least a month, possibly to July, amid debate over when and whether the Fed will cut rates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: XION will unlock tokens worth approximately $22.13 million in one week
CryptoQuant CEO: Bitcoin On-Chain Indicators Show Bearish Signals, Future Upside May Depend on Macro Liquidity
Bitfury makes a strategic investment of $12 million in the decentralized AI computing network Gonka.ai
Trending news
MoreCrypto prices
More
