Reported 28 days ago
Top executives on Wall Street express greater concern about persistent inflation than the upcoming US election, with many predicting that interest rates will not decrease as swiftly as traders expect. During the Future Investment Initiative in Saudi Arabia, CEOs from major financial firms highlighted an embedded inflation in the economy, regardless of whether Kamala Harris or Donald Trump wins the presidency. They emphasized the potential for rising inflation linked to government spending policies, leading to uncertainty about future rate cuts from the Federal Reserve.
Source: YAHOO