Reported 2 months ago
In a discussion on Yahoo Finance, Ed Yardeni, President of Yardeni Research, asserts that the Federal Reserve should refrain from further rate cuts in 2024, arguing that the economic indicators show significant progress. While he anticipates that the Fed may cut rates by 25 basis points in November and December, he believes that easing too much could stall inflation below the target level. Yardeni emphasizes that the Fed is already ahead of the curve and should not pursue additional cuts this year.
Source: YAHOO