Will Recent U.S. Retail Data and Fed Rate Expectations Shift Market Trends and Recession Fears?

Geoff Dennis, Independent Emerging Markets Commentator, notes that recent U.S. retail sales and reduced volatility suggest diminished recession fears and less likelihood of a 50 basis point Fed rate cut in September. Despite contradictory data, he anticipates ongoing rate cuts, with potential reductions in September, November, and December, aiming for a 4% Fed rate by mid-2025.

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