Economists have endorsed a September interest rate cut by the U.S. Federal Reserve as inflation falls to its lowest level since March 2021. Dr. James Thorne, Chief Market Strategist at Wellington-Altus Private Wealth, criticized the Fed for its delayed action, arguing that the policy mistake has already been made. Thorne emphasized the need for rate cuts to achieve the long-term inflation target of 2.5% and questioned Fed officials for threatening further rate hikes. Concerns about consumer market strength were highlighted by disappointing reports from companies like Nike and Walgreens.
2025 Personal Tax Planning Cards
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