US Bank: The Federal Reserve is expected to hold interest rates steady this year, and the US economy is not expected to fall into a recession

BlockBeats News, July 21st: U.S. Bank predicts that despite market expectations of a rate cut, the U.S. economy will avoid a recession by 2025, and the Federal Reserve will not cut rates this year. The bank points out that strong consumer spending and rising commodity inflation indicate that the economy continues to show resilience, and mentions that retail sales data for June exceeded expectations.

U.S. Bank warns that a rate cut driven by political motives could disrupt inflation expectations stability and increase credit risk. Looking ahead, the bank expects a slight increase in jobless claims, stable housing data, and a possible 11% decline in durable goods orders to be announced on Friday.