Wall Street is all but convinced the Federal Reserve will cut rates this year. Most sell-side desks are penciling in one 25-basis-point cut in June, with another two to three similar cuts by year-end.
Fed Chair Jerome Powell has telegraphed rate cuts are coming since hisBut recent hotter-than-expected data in the US is prompting questions of whether rate cuts are advisable for an economy that is finally coming off the inflation boil — and is even showing nascent signs of reacceleration in certain areas.is a good example. It was stronger than analysts estimated and, more importantly, topped 50 for the first time since late 2022. This indicates the manufacturing sector is in anMeanwhile, the unemployment rate sits well below the historical average at 3.9%, GDP is humming at 3.4%, and progress to bring inflation to heel remains slow and " Powell's big headache right now is an economy that reaccelerates, requiring further rate hikes. This is the so-called no landing scenari
Source: Financial Digest (financialdigest.net)
Wall Street Federal Reserve Rate Cuts US Data Inflation Reacceleration Economy
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: LegInsurrection - 🏆 3. / 95 Read more »
Source: SooToday - 🏆 8. / 85 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »