Former Fed Gov. and PIMCO global economic advisor Richard Clarida is on CNBC says:
Feds stance is dovish despite perceived hawkishness Earliest practical time for rate cut is September.PIMCO’s base case is for one cut this year in December Characterizes the May inflation data as welcome news for the Fed Says that Fed officials need a string of good inflation news to cut rates
This article was written by Greg Michalowski at www.forexlive.com.
