The Federal Reserve’s decision to hold rates steady, didn’t surprise investors. But their Summary of Economic Projections, which signaled three rate cuts next year, did catch a few people off guard. Nick Timiraos, The Wall Street Journal Chief Economics Correspondent joins Yahoo Finance Live to weigh in on the potential timeline for the first rate cut—and what could signal it.
Timiraos explains why Fed Chair Jerome Powell’s tone on rate cuts has shifted. Timiraos makes clear that any rate cuts would be dependent on inflation continuing to decline. “It does seem like they [the FOMC] could be moving ahead the discussions around when to cut rates after [January] if inflation continues to come down,” Timiraos.
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Housing CPI is 6.5%, this is insane
PCE is the lowest measure. Core cpi yoy is 4%.
Fed surrendered, inflation wins.
we all loose.
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