The U.S. Federal Reserve and European Central Bank could move to cut rates in September, a Morgan Stanley strategist said Friday.
The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs that inflation is cooling in the U.S. and the euro zone, a Morgan Stanley strategist said Friday.
U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024.The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs that inflation is cooling in the U.S. and the euro zone, a Morgan Stanley strategist said Friday.
The two central banks showed signs of monetary policy divergence earlier this month, as the ECB implemented its first interest rate cut in almost five years, while the Fed insisted that U.S. inflation remains too high to take a similar step.
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European Central Bank Cuts Interest Rates As Timing Of Fed’s First Cut LoomsDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
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