Ex-Treasury Official Unveils Startling Interest Rate Outlook
Fed officials had a mean forecast of three rate cuts this year, strong inflation and economic reports have led rate traders to change their tune.
Fed officials had a mean forecast of three rate cuts this year, strong inflation and economic reports have led rate traders to change their tune.
For the Fed to achieve its long-term inflation target of 2%, it must consider reducing interest rates, as advocated by JPMorgan strategist.
Bob Prince, the co-chief investment officer of Bridgewater Associates, said the Federal Reserve is “off track” with its plans to cut interest rates.
U.S. Treasury Secretary Janet Yellen warned China that Washington will not accept new industries being decimated by Chinese imports.
Traders’ conviction on 3/4-point interest-rate cuts from the Fed this year is quickly dissipating, with markets now favoring just two reductions.
Dallas Fed Pres. Lorie Logan said that an inflation landscape increasingly beset by upside risks argues against a push toward easier monetary policy.
Urgent legislative action is imperative to decelerate the rapid escalation of U.S. debt, a concern highlighted by Wharton professor Joao Gomes.