Market Steady as Fed Rate Cut Speculations Rise ...Middle East

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Market Steady as Fed Rate Cut Speculations Rise
source : Devdiscourse ( Middle East ) () 66
Global stocks held steady and government bond yields retreated slightly on Wednesday following data showing that U.S. consumer prices rose moderately in July, aligning with investor expectations. The data reinforced bets that the Federal Reserve might soon cut interest rates. However, the size of the Fed's first anticipated cut, which investors hope will happen in September, is still debated, with some expecting a 25-basis-point reduction and others a 50-basis-point cut.

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