Reserve Dollar

when

Green

Reserve

While it remains a matter of curiosity when the FED will cut interest rates, the PCE data, which the FED follows as a leading data on inflation, was announced today.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-leading-inflation-data-followed-by-fed-has-been-announced-here-is-the-reaction-of-bitcoin-and-dollar/" target="_blank" rel="noopener noreferrer nofollow">BREAKING! Leading Inflation Data Followed by FED Has Been Announced! Here is the Reaction of Bitcoin and Dollar!</a>
While the above-expected PCE data was considered a signal that interest rate cuts may be delayed, Nigel Green, CEO of deVere, one of the world's largest asset management companies, warned that there is a high probability that the FED will not reduce interest rates this year.
Evaluating the announced PCE data, deVere CEO stated that interest rate cuts may be delayed until 2025 and said:
<blockquote>
 “These data are another setback in the Fed's fight against inflation. The latest figures from the PCE, the Federal Reserve's preferred inflation measure, highlight that inflation continues at higher levels than expected despite the high interest rates used to reduce inflation.
 We are now revising our interest rate cut forecast, with the US economy remaining consistently strong and defying expectations, the strong labor market, rising PPI and CPI, and other recent data, as well as the PCE data released today.
 We think U.S. central bank officials will need several months in a row of data showing that inflation is actually moving toward the 2% target before they consider changing their monetary policy stance.
 As a result, we estimate that the FED will refrain from reducing interest rates until 2025. “
</blockquote>
DeVere CEO finally told investors that they should adjust themselves in case there is no interest rate cut until 2025 and said, “Given the possibility that the Federal Reserve will not reduce interest rates this year, investors should consider investing portfolios to manage risks and take advantage of potential opportunities.” “They may need to adjust their rates.” said.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 No rate cuts by Fed until 2025? <a href="https://t.co/hntFXwxFrp" rel="noopener noreferrer nofollow">https://t.co/hntFXwxFrp</a> <a href="https://twitter.com/NEWSMAX?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@NEWSMAX</a>
 — deVere Group (@deveregroup) <a href="https://twitter.com/deveregroup/status/1783852586342183305?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/will-the-fed-not-cut-interest-rates-until-2025-what-does-pce-data-mean-famous-ceo-announced/" rel="noopener noreferrer nofollow">Will the FED not cut interest rates until 2025? What Does PCE Data Mean? Famous CEO Announced!</a>

Will the FED not cut interest rates until 2025? What Does PCE Data Mean? Famous CEO Announced!

Bitcoin Sistemi EN

在 2024年4月26日發表的其他文章

BaseWifFace: The most blue-tiful memecoin of Base Chain.

Cryptocurrency Maker Rises More Than 3% In 24 hours

Cardano P2P Evolution Nears with Upcoming Genesis Rollout

Vitalik Buterin Delivers Sobering Verdict on Proof-of-Work Ethereum

Analyst Warns One Crypto Asset Category About To Face a Reckoning, Maps Path Forward for Bitcoin ...

The BEFE Coin Trend: What's Behind the Unprecedented Resonance?

訂閱免費電子報，每天收取加密貨幣最新動態！