Dallas, Texas – Goldman Sachs vice chairman and former Dallas Fed President, Robert Kaplan, shared his insights on CNBC regarding the possibility of a rate cut by the Federal Reserve. Kaplan expressed that he does not foresee a rate cut taking place this summer unless there is a significant development.
According to Kaplan, the earliest timeframe for a rate cut would likely be in September, contingent on sustained improvements in inflation. He emphasized that the Fed would need to observe a few more months of positive trends in inflation before considering a rate cut. The central bank’s upcoming policy decision is scheduled for June 12.
Meanwhile, GameStop saw a rise in its stock value during after-hours trading, following a Reddit post possibly attributed to investor Keith Gill. The post indicated that Gill still holds his GameStop shares and call options positions after a recent rally in the stock. It’s important to note that CNBC has not independently verified the authenticity of the Reddit post.
In the futures market, contracts for the Dow, S&P 500, and Nasdaq 100 showed minimal changes as trading commenced on Monday evening. This stability may reflect the cautious sentiment among investors as they await further economic developments.
As markets continue to navigate uncertainties and potential shifts in monetary policy, investors are closely monitoring indicators like inflation and corporate earnings. The implications of these factors could influence the Federal Reserve’s decisions regarding interest rates and overall economic stability. Stay tuned for updates on these evolving financial dynamics.