Reported 4 days ago
In a discussion on Market Domination, Huntington Private Bank's chief economist Olu Omodunbi provides insights into the economic outlook for 2025, predicting two to three Federal Reserve rate cuts as inflation stabilizes. He notes a weakening labor market with rising unemployment and slowing wage growth, though asserts it still supports the economy. Omodunbi also warns that extreme tariffs could lead to inflationary shocks, complicating the Fed's efforts.
Source: YAHOO