yardeni

ChainCatcher news, according to data from Yardeni Research, the Federal Reserve is expected to keep interest rates unchanged at the meeting on July 30, with a rate cut probability of only 4.7%. Strong employment data for June has delayed expectations for a rate cut in the near term, but a moderate inflation report may prompt the Federal Reserve to hint at a possible rate cut in September.If the Federal Reserve releases dovish signals next week, it may boost the stock market. The current stock market has already risen due to better-than-expected second-quarter earnings. Yardeni pointed out that the S&P 500 index's forward earnings reached a record high of $284.36 last week, with a year-end target of $300, and the index is expected to continue reaching new highs despite valuation concerns.