{"id":135381,"date":"2024-08-12T21:00:54","date_gmt":"2024-08-12T18:00:54","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135381"},"modified":"2024-08-12T18:38:40","modified_gmt":"2024-08-12T15:38:40","slug":"delaying-rate-cuts-will-be-bad-for-the-u-s-according-to-bank-of-america-ceo","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/delaying-rate-cuts-will-be-bad-for-the-u-s-according-to-bank-of-america-ceo\/","title":{"rendered":"Delaying Rate Cuts Will be Bad for the U.S. According to Bank of America CEO"},"content":{"rendered":"
Fed Chairman Jerome Powell hinted at a possible reduction if inflation continues to drop.<\/p>\n
The market currently sees a 51.5% chance of a 25 basis point cut and a 48.5% chance of a 50 basis point cut.<\/p>\n
Bank of America CEO Brian Moynihan warned that delaying rate cuts could harm US consumers.<\/p>\n