-
The Fed will start cutting rates this summer as core PCE inflation will drop to 2.1%, says UBS' global chief economist
The Federal Reserve could start reversing its interest-rate hikes as early as this summer, according to UBS. The Switzerland-based bank's global chief economist Arend Kapteyn said borrowing costs could start getting cut in July as key inflation measures show signs of cooling. "We think they cut this year. We think the first cut is in July. That's just them pulling forward their own forecasts. They have those cuts next year," Kapteyn told Bloomberg in a Tuesday interview. Kapteyn bases the house view on cooling core PCE inflation data."The difference between the Fed and us is that they think we end the year with a ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 10, 2023 1:09pm Jan 10, 2023 1:09pm
- raklian
- Joined May 2017 | Status: Member | 721 Comments
- Comment #2
- Quote
- Jan 10, 2023 1:35pm Jan 10, 2023 1:35pm
- goldenmike
- | Joined Apr 2020 | Status: Member | 89 Comments
- Comment #3
- Quote
- Jan 10, 2023 2:57pm Jan 10, 2023 2:57pm
- Guest
- | IP XX.XXX.143.67
- Comment #4
- Quote
- Jan 10, 2023 3:56pm Jan 10, 2023 3:56pm
- swimmax
- | Joined May 2014 | Status: Member | 43 Comments
forex forex forex
- Comment #5
- Quote
- Jan 10, 2023 4:19pm Jan 10, 2023 4:19pm
- AgentPips
- | Joined Jul 2018 | Status: Member | 12 Comments
- Comment #6
- Quote
- Jan 10, 2023 4:19pm Jan 10, 2023 4:19pm
- AgentPips
- | Joined Jul 2018 | Status: Member | 12 Comments
- Comment #7
- Quote
- Jan 10, 2023 5:04pm Jan 10, 2023 5:04pm
- Trader-Yaniv
- | Additional Username | Joined Jan 2023 | 4 Comments
- Comment #8
- Quote
- Jan 10, 2023 6:13pm Jan 10, 2023 6:13pm
- appreciation
- | Joined Aug 2017 | Status: Junior Member | 6 Comments
- Comment #9
- Quote
- Jan 10, 2023 9:10pm Jan 10, 2023 9:10pm
- DreamyLucid
- | Joined Jan 2023 | Status: Member | 13 Comments
- Comment #10
- Quote
- Jan 10, 2023 10:00pm Jan 10, 2023 10:00pm
- Guest
- | IP XX.XXX.108.83
- Comment #11
- Quote
- Jan 10, 2023 11:38pm Jan 10, 2023 11:38pm
- hesron
- Joined Dec 2012 | Status: Member | 1922 Comments
Follow price direction