Why this strategist isn't sure there will be a Sept. rate cut
3,628
2024-07-31に共有
Threadneedle Ventures Founder Ann Berry to give insight into the Fed's decision and what it means for the market moving forward.
Berry begins by affirming her stance that a September rate cut may still not be on the table: "I don't have the same conviction that the market has that there is going to be a rate cut in September. I did not hear that there was a catalyst that would make that a done deal. I think we're still in wait and see. I think there's still a chance that we're flat in September just as we were today."
She follows that up with: "We don't talk about the size of the Fed balance sheet, which is now north of $7 trillion, and the reason it has become so big is because federal spending, fiscal profligacy, has been so enormous, that the Fed has accommodated it by buying a bunch of long-dated government bonds. So we haven't seen rates really come down as much as you might expect...I think as we go in headlong into seeing what fiscal policy is going to look like for the next four years... I think that's the bigger concern right now. I think that remains, frankly, an inflationary pressure. And I don't see rates coming down yet as a result."
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コメント (7)
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She is a newbie to the economy. Inflation can not go up if people don't have the money to spend. Inventory is increasing because buyer has a slow down
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No cuts for 10 years
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Thank you !
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She'd probably missed the upward trending UE rate.......LOL!!
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In September, he announced that he would send US troops to Israel. What will be the impact on the American economy?
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McD's has had to significantly cut their food menu prices for a reason: the broad populace does not have any spending power anymore. There is no slack in their economy. This will result in stagflation if Fed does not cut rates.
