TSL's Steven Blitz Thinks the Fed May be "Inching Towards a July Cut"

Summary and Analysis

TL;DR

If June unemployment ramps, then a July Rate Cut may be triggered according to the TSL models

GoldFix Summary and Analysis: "Inching Towards a July Cut" by Steven Blitz

Contents: (450 words, 5 graphics)

1. Overview: The Fed's Strategy

2. Economic Dynamics

3. Inflation Analysis

4. Real Economy Insights

5. Fed's Potential Actions

6. Bottom Line

Overview: The Fed's Strategy

Steven Blitz's report highlights the Federal Reserve's potential policy actions, driven by lower PCE inflation figures influencing the Taylor Rule towards a rate cut. The Fed is shifting its focus from inflation control to managing growth signals, with this week’s June employment data playing a crucial role in their decision-making.