The Fed should not cut interest rates yet

Quick Summary:

The Fed has entered the last mile of its fight against inflation.

Moreover, following stronger than expected retail sales data for June, the Atlanta Fed’s GDPNow model estimates real economic growth of 2.5 per cent in the second quarter.

Since the Fed’s pivot in November, rising equity prices and falling long-term interest rates and credit spreads have eased financial conditions considerably.

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Article Details

Category: BusinessFinance

Markets: IndiaMaliUnited States

Topics: Inflation United states Indian economy Finance sector BS opinion Federal reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 22:49:59 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 781 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21685806

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 294 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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