Reported 20 days ago
In an interview ahead of the Federal Reserve's anticipated rate cut, Comerica Bank's chief economist Bill Adams expressed confidence in the economy's current state, predicting a 25 basis point cut while emphasizing that he does not foresee a recession in the near future. He pointed out the unique factors impacting the labor market and noted that forward guidance from the Fed will be more critical than immediate policy decisions. Adams cautioned that fiscal policy is largely influenced by congressional actions, especially in light of upcoming presidential elections.
Source: YAHOO