I shall keep my fingers crossed

A cut in the US policy rate is approaching, reports Bloomberg with reference to the protocol of the Federal Reserve (FED) published on Wednesday evening (GMT+2). According to Bloomberg, a prominent majority of members of the FED's interest committee are in favor of a cut at the September meeting. There were members of the committee who already wanted to lower the US policy rate in July, Bloomberg continues.

Let's hope that Bank of America Corporation Common Stock (BAC) gets its forecast right, indicating that the FED's efforts to bring down US inflation seem to have worked and that the FED will be more responsive to its surroundings than the Swedish central bank.