**US Economy:** Biden’s Pre-Election Rate Cut Hopes Diminish as Inflation and Growth Data Shift Investor Expectations
Washington D.C. – President Joe Biden’s hopes for a pre-election rate cut took a hit after new data on inflation and growth caused investors to adjust their expectations of action by the Federal Reserve. According to futures contracts, investors are no longer fully confident that the Fed will implement a quarter-point reduction by September. They now anticipate such a move by the central bank’s November 6-7 meeting after the November 5 election, where Biden will …