Nerthuz
When I was a child, springtime was full of excitement. We all knew that warmer weather and summer break were just around the corner, but we didn’t know exactly when they would arrive (depending on the number of snow days we had
Central Banks Meet In June, But When Will Rate Cuts Begin?
Summary
- Europe seems extremely likely to cut rates in June, in my view, as progress on inflation has been significant.
- Inflation has slowed, and I give the Bank of Canada a 50/50 chance of a rate cut at its June meeting.
- The Federal Reserve seems poised to sit on its hands in June, as members have said they need more data to cut.
Kristina Hooper, CFP, CAIA, CIMA, ChFC, is Global Market Strategist at Invesco US. She earned a B.A. from Wellesley College, a J.D. from Pace Law and an M.B.A. in finance from NYU, where she was a teaching fellow in macroeconomics.