Fitch: If oil prices rise briefly, the likelihood of a Fed rate cut in June increases
ChainCatcher news, according to Golden Ten Data, Brian Coulton from Fitch Ratings stated that if the oil price increase triggered by the Middle East war proves to be temporary, a rate cut by the Federal Reserve in June is a realistic possibility. The Federal Reserve today kept interest rates unchanged as expected and said it needs more time to assess the impact of the war on inflation. Coulton believes that if there are no signs of persistent stubborn inflation, a weakening labor market will reignite concerns about rising unemployment risks, thereby driving a rate cut in June.
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