Robert Kaplan, the former president of the Federal Reserve’s Dallas branch, in light of recent progress on inflation, predicts a potential interest rate cut in September. However, he does not anticipate this to mark the beginning of a full-fledged rate-cut cycle. What Happened: Kaplan, who is currently the vice chairman at Goldman Sachs Group Inc., suggested that the Fed might consider a rate cut in September, with the possibility of another in December, reported Bloomberg on Thursday. “Its path for September is pretty clear… I think there’s a good chance they could do one more cut in December…
