Reported about 1 year ago
The Federal Reserve recently stated its decision to hold interest rates after the FOMC meeting, hinting at potential rate cuts. Experts like Neel Kashkari and Charles Evans speculate on the timing of rate cuts, with Evans highlighting the Fed's need for more detailed criteria to gain confidence before initiating cuts. With the economy strong but inflation still a concern, the Fed aims to reach a 2% target before cutting rates, potentially waiting until December post-2024 election. For further insights, the full episode of Market Domination covers expert views on the Fed's monetary policy outlook and rate-cutting decisions. Former Chicago Fed President Charles Evans suggests that the Fed is cautious about the risks and hard decisions ahead, emphasizing the need for clearer signals from the Fed regarding their confidence in reaching their inflation target.
Source: YAHOO