#fed #federalreserve #interestrates #yahoofinance
Thanks to several interest rate hikes, the Federal Reserve has been able to curb inflation and bring it closer to its 2% goal. However, as economic uncertainty remains, the debate over what the Fed do in the coming months rages on. Claudia Sahm, Sahm Consulting Founder and Lee Munson, Portfolio Wealth Advisors President & CIO join Yahoo Finance to discuss the Fed’s performance so far and weigh in on the central bank’s policy decisions going forward into 2024. Sahm argues the Federal Reserve should cut rates sooner than later as deflation has already begun, asking them to “get out of the way and look at the data.” Munson adds on to that sentiment, commenting on Fed Chair Jerome Powell stating: “This is not about economic statistics. This is about a very wealthy man named Jay Powell, and he’s thinking about what his legacy is and what’s going to be on his tombstone.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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I thank Lee Munson for telling the truth…Nobody remembers what happened when the Arthur Burns Fed gave in to Wall Street speculators, lowered rates and inflation returned with a vengance for a decade…
For the PCE to stay below 2% for 6 months before the first Fed’s rate cut something bad needs to happen to the U.S economy…I do not see the Fed easing before Dec 2024 after the recession…Good luck Magnificent 7…
You mean Dec 2025. And I think Us fall in recession from next quarter. Bond market is screaming recession so is oil.
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The data says inflation is still going up
Only inflation is the Fed created inflation of housing. Interest higher means higher mortgage and less housing affordability. If the interest rate is cut to 3% tomorrow, we could get in deflation mode.
I don’t expect cuts until 2025. Policies are increasing demand, and supply is still an issue. It’s going to take time to stabilize inflation and for it to stay at 2% for at least 3 months.