Biden says he still sees rate cut before year’s end
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President Biden believes there will be a rate cut before the end of the year. He made this statement during a press conference. The rate cut refers to a reduction in interest rates by the Federal Reserve. Biden's comment suggests that he expects the Federal Reserve to take action to stimulate the economy. The timing of the rate cut is not specified, but it is expected to happen before the end of the year.
https://www.marketwatch.com/livecoverage/cpi-report-for-march-dow-futures-steady-ahead-of-key-inflation-data/card/biden-says-he-still-sees-rate-cut-before-year-s-end-qjraZaWO1ECMMbdU6wv9