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With favorable economic data providing officials with greater confidence that US inflation is moving steadily along the right path, we think that Wednesday’s FOMC meeting should offer a clearer hint that the Federal Reserve’s next move will be an interest rate cut.
Video Length: 00:01:21
Why we think the Federal Reserve will hold out for a September rate cut
ING's James Knightley on why the Fed is unlikely to cut rates at this week's meeting despite inflation moving inflation closer towards its 2% target – and why he thinks September is set to be the turning point for US monetary policy. For more details, please see our full preview here.
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