Reported 1 day ago
Deutsche Bank's Chief Global Strategist, Binky Chadha, highlights a rare historical moment for the US economy, characterized by a unique combination of low unemployment and steady GDP growth around 3%. Following the Federal Reserve's recent interest rate cut, Fed Chair Jerome Powell expressed caution for 2025, attributing uncertainties to fiscal policies and the new Trump administration. Chadha emphasizes that this 'economic nirvana' is uncommon and leads to fundamental volatility that typically should lower.
Source: YAHOO