BlackRock: The Fed has left room for a rate cut in September

Golden Finance reported that Gargi Chaudhuri, head of investment strategy for the Americas at BlackRock iShares, said that the signal of only one rate cut in the dot plot did not change her expectations for the Fed's strategy this year. She believes that if inflation continues to improve, the Fed has left room for a rate cut in September. The Fed will continue not to overreact to any data point, including the weaker May inflation data.