Why there may not be Fed rate cuts until Christmas
Рет қаралды 7,906
Ай бұрынAt an event on Tuesday, Federal Reserve Chair Jerome Powell hinted that rate cuts may not come as soon as investors had hoped given how stubborn inflation has been.
Blake Gwinn, the head of US rates strategy at RBC Capital Markets, thinks that is likely the case too. That's why he reduced his rate cut expectations from three to just one cut in December. Gwinn argues that Fedspeak has changed in recent weeks, with officials no longer framing January's hot inflation report as idiosyncratic.
On the possibility of a rate hike, Gwinn says that the bar for the Fed to hike rates is "very very high" and that the markets aren't really entertaining the idea.
Watch the video above to hear Gwinn's take on how the 2024 election may play a role in the Fed's decision making.
#news #FederalReserve #yahoofinance
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@C-130-Hercules Ай бұрын
No Rate Cut Coming! 7% Before 4% Fed Rate
@nickvin7447 Ай бұрын
So much for those 6 cuts you priced into the market in December eh yahoo?
@888strummer Ай бұрын
The Fed left rates near zero for way too many years. Then the Fed raised rates way too high and way too fast. And now the Fed is helpless due to their mistakes of the past 15 years. If they lower rates then inflation explodes. If they leave rates alone or raise rates to fight inflation; then they put us into a very bad recession. That's why silver has been the best play in April and will continue to be for many months. Gold is at an all time high and might go higher; but silver is only halfway to it's all time high and that's why silver has been the best play in April despite a bad day today
@trailguy Ай бұрын
I’ve been saying this for a year. Rate cut in December 24. He will do some kind of QE before that to keep the markets from crashing.
@kcdiazWTV Ай бұрын
No. Cuts. 'Till Christmas! - I am going to put that on a t-shirt.
@gregglira9947 Ай бұрын
make it into a song like the beastie boys lol!
@flowerlee4727 Ай бұрын
No rate cut until real estate correct 30%.
@virgoblue1392 Ай бұрын
As long as people can make a good amount of money on social media platforms, layoffs aren't going to do much🤷
@starship519 Ай бұрын
Delay? The fed doesnt work for you. First cut is in 2034
@Onehourworkout Ай бұрын
The fed works for wallstreet they want a week job market
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