Four Fed rate cuts needed by the end of the year: senior economist
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Published 2024-08-07
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All Comments (11)
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For the senior economist to avoid getting bankrupt?
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He’s echoing David Rosenberg…we’re going to overshoot the inflation target to the downside and be too slow to remove the excess restraint already built into monetary policy.
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With all the problems in the world, some only care about a stock portfolio.
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Theres a lot more butter on his bread with low rates. So are we suprized that they all think the "economy" calls for lower rates. Not worth listening to.
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Rates should be raised further to quash the fake investors.
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Way too fast for cutting
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.75 by December.
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Wouldn’t dollar actually strengthen vs Yen when Fed eases bc US growth would be better vs Japan’s under those conditions? So no foreshadowing here
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This is insane. Inflation may have come down but it is still way too high. Please don't think rates will go to Zero again. They may drop by two drops of a quarter but that's it for years in which inflation will stay above 2% and rates will remain moderate like they did in the 70s. You are too young to understand this.
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Well if you need 4 cuts by the end of the year, why didn’t they start already. Already in Aug, that ll be way too steep if u have to cut 4 times in 4 months now
