Inflation continues to decline, with the headline CPI increasing by 3.0% in June compared to 3.3% in May and 3.4% in April, year-over-year. On a core basis, it increased by 3.3% in June compared to 3.6% in April, year-over-year.
At The Family Office, we advise investors to reduce their portfolio volatility and include alternative investments in light of current developments. Investors must also look for experienced fund managers who can help them achieve solid returns and build a resilient portfolio.
There is a possibility that the Fed will cut interest rates twice this year and two additional times in the first half of next year.
Fed Chairman Jerome Powell has repeatedly said that the Fed does not want to repeat the same mistake of the 70s, when it cut interest rates and then had to raise them again. It wants to maintain the direction of interest rates after changing them and avoid fluctuations, as the change in direction impacts investors and investment planning.
Watch the full interview above.