According to the CME Fedwatch tool, 30% of interest rate traders are pricing in the Fed’s first rate cut to come in March 2024. Verdence Capital Advisors Chief Investment Officer Megan Horneman joins Yahoo Finance Live to weigh in on a feasible timeline for a rate cut.
Horneman predicts a rate cut in the second half of next year — possibly even as far out as 2025.
Horneman refers to housing, services, and wage inflation as impacting factors that “are still growing on an annual basis well above what the Fed wants.” Horneman plainly points out her concern about rate optimism and insists “some pain in the economy” will be required for the Fed to reach its inflation rate goal and institute rate cuts.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Manipulating the housing market is going to take forever. It’s some supply and demand.
There is no such low supply as be manipulated. Finally the truth will apoear.
There will be inflation pick up next month..like recent summer. Every time there is rumor of rate cut people turn to spending to make inflation worst again.