My people! Attention, friends! Hold on tight because this situation is heating up. 🔥 It turns out that the head of the Federal Reserve, Christopher Waller, dropped a bombshell that left us all speechless: interest rate cuts could come sooner than we thought! 🤯
This guy, who is one of the heavyweights in the finance world, went for an interview with CNBC and made it clear that, in his opinion, the Federal Open Market Committee (FOMC) could lower interest rates as soon as July! Can you imagine that? A breath of fresh air for many wallets. 🤑
Waller has been saying this since late last year, since November 2023, and he sees that inflation is behaving well, dropping like crazy towards the target! And if inflation behaves nicely, boom!, we can lower the rates. He calls it "rate cuts with good news," and the truth is it sounds like music to our ears! 🎶
Now, listen up, my people, even though this is a big deal, Waller himself says this is his opinion and that the rest of the FOMC may not be on the same page. Last Wednesday, in fact, the FOMC decided to keep rates steady at 4.25-4.5% because, according to them, it was best for employment and inflation. They haven't touched them since December.
But well, just between us, here's the deal: the CME Fed Watch tool says the chances of a cut in July are low, only 14.5%. But pay attention to this, the situation changes for September, where the chances jump to 61.8%! So stay alert, don’t let your guard down, and let’s see what the financial future holds for us. This is getting good! 😎$BTC $ETH $XRP
