Fed may cut rates this year amid inflation concerns tied to Trump

Inflation in the US shows signs of easing, with the personal consumption expenditures price index (PCE) touching 2.6% for the year until May. The Fed’s target rate is 2%, which stood at 2.7% until April. Meanwhile, strategist Morgan Stanley is betting that apex banks of the US and the European Union will cut rates in […] source: https://www.cryptopolitan.com/fed-may-cut-rates-inflation-trump/