New Overnight Developments Abroad - Daily Update
Likelihood Rises that Both the Fed and ECB Will Cut Interest Rates Next Month
August 22, 2024
A sizably large downward benchmark revision of U.S. jobs growth between March 2023 and March 2024 is the latest news to solidify the probability that the Fed will start cutting interest rates in September. Investors look to Chairman Powell’s speech tomorrow for additional clarity about the speed of rate reductions thereafter. At the same time, […] More
