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

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

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