June CPI Report to Influence Federal Reserve's Policy Expectations
According to BlockBeats, the June Consumer Price Index (CPI) report is anticipated to significantly impact market expectations regarding the Federal Reserve's future policy decisions.
Currently, the market predicts a higher likelihood of an interest rate cut by the Federal Reserve in October. If the CPI data exceeds expectations, even substantially, the Federal Reserve is expected to wait until October to implement a rate cut. However, if the data is milder than anticipated, the Federal Reserve is likely to maintain interest rates in July and proceed with a rate cut in September.
Overall, the June CPI report will provide clarity on whether U.S. President Donald Trump or Federal Reserve Chair Jerome Powell's approach to monetary policy is deemed correct.
