Reported about 1 year ago
As the market anticipates aggressive rate cuts by the Fed, experts like Ben Emons of Fed Watch Advisors suggest a more moderate approach with fewer expected cuts in 2024 and 2025 to support the economy in current conditions. Recent data on job growth, consumer confidence, and household net worth point towards a stable economic outlook as Fed chief Jerome Powell remains cautious about rate cut expectations, emphasizing the importance of timing and economic recovery. Market predictions vary, with expectations of initial rate cuts in September and December, while Wall Street debates the likelihood of a significantly accelerated rate cut timeline as suggested by Citi economist Andrew Hollenhorst, which remains uncertain.
Source: YAHOO