Reported 1 day ago
Jon Hilsenrath, founder of Serpa Pinto Advisory, expresses that the Federal Reserve's recent 25 basis point rate cut was 'the wrong move,' citing strong economic growth, slower inflation improvement, and inflation risks for 2025. He suggests that future cuts rely on tangible inflation improvements and indicates that while a potential rate cut could happen in March 2025, none are likely in January or February. Hilsenrath also emphasizes concerns regarding the composition of the Fed's balance sheet, particularly its holdings in long-term Treasury and mortgage securities.
Source: YAHOO