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And you could go along for the ride if you make this one simple move. Click here. If the Fed Follows the Data… Above all else in this rate-hike cycle, the Fed has consistently emphasized that it will be "data dependent." That is, its outlook is not set in the stone. The path forward for interest rates is not predetermined. Rather, the Fed will respond to incoming inflation and economic data to decide when to cut rates. If the data runs hot, it'll push back rate cuts. If the data turns soft, it'll cut sooner. And right now, the incoming data is very soft. For example, just yesterday, June's Empire State Manufacturing Survey results were released. This is one of the most important monthly business surveys, wherein the New York Fed assesses manufacturing businesses' conditions in the Greater New York Area. And according to that survey, inflationary pressures crashed in June to their lowest levels since summer 2023. Specifically, the survey's Prices Received index dropped from 14.1 to 7.1, its lowest level since July 2023. The 7-point drop also marks that index's biggest decline since October 2023. Inflation is both running soft and falling fast. And for what it's worth, this index has historically proven to be a very strong leading indicator for the all-important Consumer Price Index (CPI). If this relationship holds true, we can expect June's CPI inflation rate to crash to or below 3% – which would be its lowest level since inflation became problematic in 2022.  The data is clear: inflation is rolling over. SPONSORED  Charlie Shrem, known as one of the “Kings of Crypto” by Anderson Cooper on 60 Minutes…
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Get His #1 Coin For 2024 FREE By Clicking Here. Don’t get left behind… The Final Word But importantly, it isn't just the inflation data that is softening. Broader economic data is softening, too. Citi's Economic Surprise Index – a benchmark for how the U.S. economy is faring relative to expectations – has collapsed below -20. That is one of the lowest readings of the past 10 years and the lowest reading since the Fed stopped hiking rates about a year ago. Not to mention, the unemployment rate is starting to move higher. Weekly jobless claims have spiked to a nine-month high, and consumer confidence is absolutely crashing. In our view, the data is telling the Fed that it can – and should – cut interest rates very soon. So… if the Fed really is being data-dependent… then it'll heed this recent spate of ultra-soft economic and inflation data. And it'll cut sooner and more than everyone expects. Right now, the market is pricing in ~60% odds of the first rate cut happening by September. I predict that as we move through July and August, those odds will move toward 70%, 80%, then 90% as the data continues to soften and the Fed continues to tip its hat toward a September cut. As those odds rise, stocks should soar. That means it's time to prepare for this summer rally right now. We've been fairly aggressive with our model portfolio recently and have issued a handful of new recommendations over the past few weeks. Check out the top stocks we're recommending right now. Move Into Money-Makers | 
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