Will the Fed Cut Interest Rates This Month? Janet Berry Thinks So!

Although Federal Reserve Chairman Jerome Powell played down speculation of a summertime interest-rate cut last month, Janet Berry, the team leader of the Janet Berry Luxury Home Team says

““we might be looking at a rate cut as early as next week when the Fed holds their meetings on June 18th and 19th. “Lowering our already low interest rates may be perfect timing for our summertime buyers and certainly leading into our busy winter season! This may also give those who are currently considering refinancing, a reason to look at upgrading to another property in Southwest Florida, and even look at our vast number of new construction options.””

— Janet Berry, the team leader of the Janet Berry Luxury Home Team

Central bank officials are now suggesting that a rate cut might be on the table as early as their June 18-19 meeting based on a gloomy economic outlook and increased trade tensions.

Fed officials must decide what events should trigger a rate cut, how much more information they would need before making a decision, and how to signal their intentions and plans.

During a research conference this week at the Federal Reserve Bank of Chicago, officials indicated in interviews and speeches that they're paying attention to the risks of a sharper-than-expected economic slowdown and signaled that a rate reduction could be considered at upcoming meetings.

Observers say Fed officials must balance the need to move quickly to shore up growth at the first sign of economic weakness with a need to avoid reacting prematurely to events that could quickly change.

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