Speculation about a possible Fed rate cut in July has been building. Seeking clues, investors tuned into Jerome Powell’s June 24th testimony before the House Financial Services Committee. Although Powell didn’t say much new and reaffirmed his wait-and-see approach, the bond market increased the odds of a rate cut in July and another later this year.In addition to signals from the bond market, the Fed is under tremendous political and fiscal pressure to cut rates. Through thoughtfu| Palm Valley Capital
Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. LINK As my friend Eric Cinnamond writes, "the affordability crisis was created by an extended period of elev| The Felder Report