“The Feds will drop interest rates later this summer...”
You know I’m pretty ignorant, but I don’t see that move in the cards. Why do you?
You know I’m pretty ignorant, but I don’t see that move in the cards. Why do you?
I play around in the currency markets and read a lot of newsletters and meeting minutes. That aside, it's rash of me to say that. It's just a gut feeling that in August -- there's going to be a token interest rate drop -- maybe only 25 basis points -- to prevent a potential recession by boosting public sentiment.
It's just a guess, of course. And, it's not wishful thinking (quite the opposite in my business). Feel free to ignore it -- it's worth less than $.02.