BlockBeats News, May 29th, Granite Bay analyst Paul Stanley stated that the upward revision of the US first-quarter GDP data may not alter the Fed's wait-and-see stance. He expects the Fed to resume rate cuts in the fall of this year and predicts that the Fed may cut rates 1 to 2 times in the last few months of 2025.
According to the Chicago Mercantile Exchange (CME) data, this expectation is consistent with market pricing. The second estimate of US first-quarter GDP showed a 0.2% contraction, narrowing from the previously reported 0.3% contraction. (Oriental Fortune Network)
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