@maiminhan
Will the Fed cut interest rates this year? 🤔 It all hinges on taming inflation! Latest CPI data boosts the case, but shelter inflation remains a hurdle.
Key Points:
- Current rates: 5.25%-5.5% (2-decade high)
- June CPI: +3.0% YoY, -0.1% MoM
- Core PCE (ex-shelter): Moderating, but sticky shelter inflation persists
Vanguard's take: No confident rate cut in 2023, but 2024 looks promising. Risks balanced between inflation control & labor market health.
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