2023-07-08 11:07:00
© Archyde.com A major bank expects the Fed’s decisions during its July meeting
Arabictrader.com – After the release of the US labor market data today and it did not reach expectations, it is likely to raise the main during the July meeting, according to the forecasts of experts at Commerzbank.
Experts at the German Bank indicated that the employment data for the month of June was mixed, as it slowed to 209 thousand only, but there were other aspects that were better than in May, and despite the slowdown in the labor market, it is likely to remain very strong from the point of view of The US Federal Reserve, therefore, may raise interest rates again this month.
It is noteworthy that the chief economist of the financial services company Allianz, Ludovic Sobran, previously stated that the possibility that policy makers at the US Federal Reserve and the European Central Bank will exaggerate monetary policy and what involves raising interest rates is now one of the most prominent threats facing the global economy.
Speaking to Bloomberg TV, Sobran explained that his expectations about a possible soft landing scenario hinge on policymakers not being extravagant in their campaign to tame high inflation, adding that one of the main risks to the economy is the risk of mistakes on the part of the European Central and the US Federal Reserve on policy, and this is a combination. Passive policy risk between fiscal and monetary tightening at the same time.
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