Economist: The Fed won’t rush rate cuts ‘unless there’s a recession’
- Update Date:
- Post Date:
The Federal Reserve’s interest rate pause for December is pushing investors to turn their attention to 2024. In particular, speculation is now focused on whether a soft landing scenario can be sustained in the new year. EY Chief Economist Greg Daco joins Yahoo Finance anchors Brad Smith and Seana Smith to discuss major factors that could influence future Fed decisions on interest rates, like consumer spending and labor market data, and how regulators are looking to navigate next year’s economic environment. “The Fed’s candid pivot towards the fact that it will be adjusting monetary policy was very important. Now that’s behind us, this acknowledgment that inflation has been falling faster […]