What's remarkable about the gross domestic product (GDP) figures is that the Fed appears to be on the precipice of pulling off a rare feat: ... but inflation has fallen considerably-the most recent consumer price index numbers show prices increased 3% in June, down from a peak of more than 9% during the summer of 2022.
As such, this does set the Fed up for a potential interest rate cut in the near future-something that the markets, and consumers, would welcome.
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