Reported about 2 months ago
Nouriel Roubini, known as 'Dr. Doom,' provides his analysis on the recent Consumer Price Index data indicating cooling inflation, suggesting the Federal Reserve may soon cut interest rates. While he acknowledges rising recession risks due to softening in manufacturing and parts of the labor market, he maintains a baseline expectation for a soft landing, asserting that the economy is cooling but not contracting significantly. Roubini anticipates that unless forthcoming employment data is significantly poor, the Fed might start reducing rates in September.
Source: YAHOO