Fed is 'disconnected' from reality, must cut rates 5 times next year, portfolio manager says

FED should Correct Real Estate Loan Mechanism. Bubble of recession is only for Real Estate and associated sectors and not for all sectors. Fed is on right path, just wait and watch

Tell them Mr Gambles.

5 times, sure thing bud. Look forward to FIVE cuts next year...

10 times is better

“I will stick to 3%, which I think is already reflected in many asset prices. I don’t think we’re going to push inflation down to 2% anymore. It’s too embedded in the economy by all sorts of things,” said Roche, president and global strategist at Independent Strategy."

“Central banks don’t have to fight as fiercely as they did before. And therefore, the embedded rate of inflation will be higher than before it will be 3% instead of 2%,” said Roche, who correctly predicted the Asian crisis in 1997 and the 2008 global financial crisis."

First rate cut will probably be in March, so it'll be at least 5 rate cuts in 2024.

Is this piece of news going to have an impact on NAS100 today?

Oh so they can borrow money at favorable rates again and do the consistent rinse and repeat that they love so much.

Days of free money are over for the time being. Wouldn't be surprised if the fed keep rates as they are for a year or so. It's not like there isn't enough money in the system.

Greta Thunberg is right

jpow has said in his fomc statements that the feds target unemployment rate is 4.5% we are at 3.9%
the fed will hold rates until this is acheived most likely
who is MBMG group anyways?
they are just trying to scare people into turning their money over to them for management
they haven't even got a prime time spot during the ny session

Their portfolio probably mirrors ARKK so they need the rates back down to 0 or else they might have to close the shop.