Evercore ISI Analyst Predicts Possible Rate Cut in September

  • July 9, 2024
According to BlockBeats, Evercore ISI analyst Krishna Guha has given his assessment of Jerome Powell''s recent comments on the ''constantly changing risk balance''. Guha interprets Powell''s remarks as dovish, suggesting that he is laying the groundwork for a potential rate cut in September. This prediction is contingent on the forthcoming data, particularly the inflation report due on Thursday, maintaining and supporting the Federal Reserve''s assessment of the risk balance.