Comment on 'Clear path to a soft landing': Here's what Wall Street sees for Fed rate cuts after May inflation came in cool

'Clear path to a soft landing': Here's what Wall Street sees for Fed rate cuts after May inflation came in cool

OLIVIER DOULIERY/Getty ImagesThe latest inflation data has bolstered the case for looser monetary policy.Investors cheered a soft May inflation report, which could pave the way for Fed easing this year.Rate cuts in September are "overwhelmingly likely," one economist said.Wall Street is feeling a lot more upbeat on the path of interest rates this year.On Wednesday, investors cheered a positive report on the consumer price index for May.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News