How is the Fed thinking about future interest rate cuts

preview_player
Показать описание
Federal Reserve Chair Jerome Powell spoke in front of Senate lawmakers on Tuesday, continuing his Capitol Hill testimony for a second day on Wednesday, with Wall Street waiting to hear any signals for a potential interest rate cut.

Tocqueville Asset Management portfolio manager John Petrides and WisdomTree head of fixed income Strategy Kevin Flanagan join Catalysts to give insight into how much the stock market (^DJI, ^IXIC, ^GSPC) should put into what Powell has to say before Congress and his confidence in inflation data-dependence.

Flanagan explains the Fed's current position: "The Fed does not want to make a mistake here one way or the other, right? They don't want to be on hold too long, but they don't want to cut rates too soon. So it is kind of a tight rope that Powell and company are walking."

Petrides summarizes the Fed's hesitancy in wanting to avoid 1970s-era policy mistakes: "Clearly there's more conviction."

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Follow Yahoo Finance on social:

#fed #interestrates #yahoofinance
Рекомендации по теме
Комментарии
Автор

Core PCE, which strips out the more volatile costs of food and gas, prices in June "climbed" 0.1% over the prior month and 3.3% over last year — Inflation is still rising and is well above 2%.
There will be no rate cuts this year or next year.

paulbunyan
welcome to shbcf.ru