The "Federal Reserve Rate Cut Reflexivity Paradox" (or "Why the Fed aint gonna cut in 24") ...Middle East

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Torsten Slok is chief economist at Apollo Global Management. He's been covered in financial media earlier this week say the the Federal Open Market Committee (FOMC) won;t be cutting the Fed Funds rate this year.He highlighted ten reasons, which can be lumped into three areas of concern:Inflation, he says:"Underlying measures of trend inflation are moving higher"helping this along "the labor market remains tight, jobless claims are very low, and wage inflation is sticky between 4% and 5%"Growth:"Growth expectations for 2024 saw a big jump following the Fed pivot in December and the associated easing in financial conditions""Growth expectations for the US continue to be revised higher"The st

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Last updated : 29 May 2024 clock 11:44 PM

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The "Federal Reserve Rate Cut Reflexivity Paradox" (or "Why the Fed aint gonna cut in 24") ...Middle East

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