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Ed Yardeni Sees Fed Pausing Rate Cuts for 2024 After Jobs Report
The Federal Reserve’s monetary-easing campaign for 2024 may already be over as the strong labor report Friday underscores the stubborn resilience of the world’s largest economy, according to Wall Street veteran Ed Yardeni. Further policy easing would risk sparking inflation just as oil prices rebound and China seeks to jump start its economy, according to the founder of Yardeni Research Inc., who famously coined the “Fed Model” and the “bond vigilante.” The market prognosticator says the central bank’s September decision to lower rates by half a percentage point — a move usually reserved to tackle a ... (full story)
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- Oct 6, 2024 5:24pm Oct 6, 2024 5:24pm
- gzforex20
- | Joined Feb 2013 | Status: Member | 111 Comments
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- Posted: Oct 5, 2024 6:30pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 5,083
