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Yardeni Research: Expects the Fed to Keep Rates Unchanged at the July 30 Meeting
BlockBeats News, July 21st, according to Yardeni Research's data, the Federal Reserve is expected to keep interest rates unchanged at its July 30th meeting, with only a 4.7% probability of a rate cut. Strong June employment data has delayed expectations of a recent rate cut, but a mild inflation report may prompt the Fed to hint at a rate cut in September.
If the Federal Reserve signals a dovish stance next week, it could boost the stock market. The current stock market has already risen due to better-than-expected second-quarter earnings. Yardeni points out that the S&P 500 forward earnings hit a new all-time high of $284.36 last week, with a year-end target of $300, and expects the index to continue to reach new highs despite concerns about valuation.
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