Higher interest rates, please: The Fed must raise its long-term target for a soft landing ...Middle East

The Hill - News

The most popular guessing game on Wall Street this year has been to ascertain when and by how much the Federal Reserve will cut interest rates. Shifting expectations surrounding a potential Fed pivot have caused wild market gyrations and overreactions. Fed policymakers have not helped matters. They have repeatedly characterized their decisionmaking process as "data-dependent," implying a backward-looking approach that is more reactive than proactive. Some have gone as far as to suggest that a data-dependent Fed is essentially an unsure one. The Fed's repeated failure to forecast price level changes accurately during the 2021 to 2022 inflation shock has dented confidence in its own a

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Last updated : 07 June 2024 clock 02:52 PM

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Higher interest rates, please: The Fed must raise its long-term target for a soft landing ...Middle East

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