Wells Fargo: Fed expected to open the door to rate cuts this month

Golden data July 22 news, despite the increased political turmoil in the United States, investors still insist that the US interest rate will decrease this year. Data from the Chicago Mercantile Exchange shows that the likelihood of the Fed standing pat next week and lowering interest rates on September 18 is both over 90%, with a close to 50% chance of a total of three interest rate cuts this year. This is almost unchanged from before Biden exited the race. Economists at the Bank of Wealth said in a report that they expect the Fed to maintain its policy this month, opening the door to rate cuts. They added that the Fed’s past record indicates that it will not avoid cutting interest rates at the last meeting before the election.