Gold Finance reported that although better-than-expected US GDP data for the second quarter may ease some concerns about the economy, analysts pointed out that the higher-than-expected 2.9% core personal consumption expenditure price index (PCE) could trouble the Federal Reserve. Emma Wall of Hargreaves Lansdown said in a report, 'Although it exceeds the target, it is declining, and coupled with strong economic growth data, this eases the pressure on the Fed to cut interest rates next week.' 'We expect the Federal Reserve, the European Central Bank, and the Bank of England to cut interest rates in September, which will be a wave of rate cuts. For investors in the US stock market, we believe there are opportunities in small-cap stocks that offer better value, despite recent pullbacks in the 'Magnificent Seven' stocks.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analiz: Piyasanın Eylül ayında bir faiz indirimi dalgası yaşaması bekleniyor
Gold Finance reported that although better-than-expected US GDP data for the second quarter may ease some concerns about the economy, analysts pointed out that the higher-than-expected 2.9% core personal consumption expenditure price index (PCE) could trouble the Federal Reserve. Emma Wall of Hargreaves Lansdown said in a report, 'Although it exceeds the target, it is declining, and coupled with strong economic growth data, this eases the pressure on the Fed to cut interest rates next week.' 'We expect the Federal Reserve, the European Central Bank, and the Bank of England to cut interest rates in September, which will be a wave of rate cuts. For investors in the US stock market, we believe there are opportunities in small-cap stocks that offer better value, despite recent pullbacks in the 'Magnificent Seven' stocks.