Inflation data may signal Fed's potential interest rate cuts, impacting borrowing costs.
Inflation data this week may help determine the Federal Reserve's timetable for potential interest rate cuts. If the latest inflation report shows further signs of improvement, it could lead to the Fed dropping a statement about "lack of further progress" in reaching their 2% target. This could indicate a possibility of rate cuts within a few months, which would benefit borrowing costs for mortgages, auto loans, and other consumer and business loans.
June 10, 2024
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