Incoming economic data could blow up Wall Street’s Fed rate cut bets

Wall Street is charging full speed toward a September rate cut. But a couple of economic reports could crash that fantasy into a wall. Federal Reserve chair Jay Powell gave the greenlight for a possible rate cut. But he also warned that it all hinges on whether jobs and inflation numbers behave. Powell said the […] source: https://www.cryptopolitan.com/economic-data-blow-up-fed-rate-cut-bets/