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Yardeni Research: Fed Expected to Keep Rates Unchanged at July 30 Meeting
Summary: According to Yardeni Research, the Federal Reserve is expected to keep interest rates unchanged at the July 30 meeting, with only a 4.7% probability of a rate cut. Strong June employment data has delayed expectations of a rate cut in the near term, but mild inflation reports may prompt the Fed to hint at a ...
According to Yardeni Research, the Federal Reserve is expected to keep interest rates unchanged at the July 30 meeting, with only a 4.7% probability of a rate cut. Strong June employment data has delayed expectations of a rate cut in the near term, but mild inflation reports may prompt the Fed to hint at a possible cut in September.
If the Fed signals a dovish stance next week, it could boost the stock market. The market has already risen due to better-than-expected second-quarter earnings. Yardeni notes that the S&P 500 forward earnings hit a historical high of $284.36 last week, with a year-end target of $300, and expects the index to continue reaching new highs despite valuation concerns.
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Link: Yardeni Research: Fed Expected to Keep Rates Unchanged at July 30 Meeting [Copy]
