Fed Needs Greater Confidence to Cut Rates. Forecast as of 11.07.2024

One report on US consumer prices for June may be enough for the Fed to start mulling over lowering the federal funds rate in September. Let's discuss this topic and make a trading plan for EURUSD.Highlights and key points The Fed needs a slowdown in CPI to be confident in a rate cut. The Fed's outlook has changed. Inflation data may accelerate the EURUSD rally. The slowdown in US CPI may propel the opening of more long trades on the EURUSD.Daily US dollar fundamental forecastAfter the FOMC meeti