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Top Wall Street execs are getting skeptical on the Fed’s easing path
Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing path with a further two reductions this year. The Fed cut its benchmark rate by 50 basis points in September, indicating a turning point in its management of the U.S. economy and in its outlook for inflation. In late-September reports, strategists at J.P. Morgan and Fitch Ratings had predicted two additional interest rate trims by the end of 2024 and expect such reductions to continue into 2025. The CME Group’s FedWatch tool puts the probability of a 25-basis-point ... (full story)
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- Posted: Nov 4, 2024 12:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,392
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