There should not be a rate cut in 2024, says Catalyst Capital's David Miller

David Miller, Catalyst Capital CIO and senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, what to expect from the Fed's two-day policy meeting, state of the economy, rate path outlook, and more.

[PLASTICPIPE]

If a cut is done this year it will be pollical and have nothing to do with doing what is best for the economy...

[PeterSedesse]

I've been saying that since Dec 2023, there should be no rate cuts in 2024. First for the two obvious big reason, first is that inflation is still above target, almost double. Second is the economy is still adding jobs at a good rate. But on top of that, we are coming off of a couple years of extremely high inflation rates that are already baked into consumer prices. We need to get current inflation pegged to 2% for an extended period of time, just so prices feel better for average americans. If you have 8% for a year, 6% for a year and now 3.5%... only by having inflation at 2% for 2-3 years does that average down to somewhere where it feels good. Inflation at 2% is the goal, not having interest rates as low as possible.

[KungPowEnterFist]

Of course the market doesn't need a cut, because the Funds rate is not in restrictive territory and the government is net QE.

[gen-X-trader]

Guy is like : we are short bonds. Also guy: fed shouldn't cut 😂

[s.m]

Big money is making money shorting the market so of course this guy isn't pandering for rate cuts....love how CNBC has these rhetorical conversations.

[alfredomarchione]

Up, up and away…easy money forever, gotta love MMT💰

[rechutriers]

We will have a rate cut sometime in September. Mark it down

[evanetter]

I don’t like the way he’s looking at Becky

[rxdoc]

ATRFX, last 1 year return at about 7% with an expense ratio of 1.81%

Go figure !😊

[rickhayes-ohzm]

how can you have a good economy with high inflation

[salimkhan]

Easy for him to say, he still has a job.

[xhzpdrw]

I need a job where I get to sit an office and don't have to interact with anyone meanwhile everyone at the company knows that I don't have to work. Like totally exempt from working. But still collect a decent paycheck

[gainer]

Will the EV sector continue to charge Up this Summer. ? Fisker.. FSRN rising 27 % month... Rivian up 15 % mth..Plug rising 13 % mth..Surf Air Mobility..Idex.. Ideanomics, more.

[jodame]

Right so you just keeping getting more inflows? While other Americans suffer

[willtwain]

Pete Buttigieg should be sitting right next to slow Joe. Joe gets schooled by Pete, hilariously.

[rickhayes-ohzm]

gold is telling you rates aren't high enough

[brad]

“Extreme diversification” is dumb. Why would I do that when I can pick 5 companies in confident in and focus on those? There’s no way you can understand your investments in a meaningful way if you’re extremely diversified

[ibrahimseth]

Debt=1, 500B Yield=5%
Debt(50 Year)=1, 500B*1.05^50
Debt(50 Year)=17, 300B=A

Buy Gold Physical to pay debt:
1 Month=2.5B
12 Month=30B
600 Month=1, 500B
Yield(Average)=5%
Yield(50 Year)=1.05^50*1, 500B
Yield(50 Year)=17, 300B=A

Thank you.