July rate cut still very much in play for Fed: Strategist
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- Опубликовано: 11 июн 2024
- Inflation cooled in May, according to the latest Consumer Price Index (CPI) print that saw prices remain unchanged month-over-month while rising only 3.3% annually. Both figures were below estimates.
Wells Fargo Chief Corporate Economist Tendayi Kapfidze and Academy Securities Head of Macro Strategy Peter Tchir join Yahoo Finance's Morning Brief to talk about what this cool inflation print means for the Federal Reserve's interest rate policy. Fed officials are set to announce their June policy decision today at 2:00 P.M. ET, followed by a press conference with Chair Jerome Powell.
Kapfidze believes the Fed will reiterate its 2% inflation target coming off this new inflation data, but warning that "the prices don't go back down. And I think that is what keeps the consumer confidence relatively subdued."
Tchir explains why political pressures may play a role in the Fed pushing through interest rate cuts this summer: "You really would not want to make that first cut in September if you can get away with it, right? We're going to be in the middle of the election. You know both parties are going to react to any sort of cut. Why not try and get that done in July 31?"
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How about this cut rates so businesses can invest in producing supplies of stuff so that prices come down!!! This is not demand driven inflation it’s reduced supply! It’s also government spending driven… reduce gov spending, reduce rates, grow supplies of houses and other products…prices come down!
💇♂️💈 do it Papa JP!
Not with a soft CPI he won’t.
ALOT OF PEOPLE WILL BE CAUGHT WITH THE HOT POTATOE THIS YEAR
Since the post pandemic recovery economy would have had this inflation either way, consumers are just being clowns when they put the blame for cumulative inflation on the incumbent. 2:20
no way
They won't cut until later in the year or 2025
We have a system and approach not designed to manage excessive government spending….thats the problem! Excessive government spending is the problem.
The Fed will cut so they can help elect Joe Biden.
Lmaoo all consuming
Has no bearing on the election 🗳️
MUST CUT RATES JUNE AS PLANNED.........WAIT & WATCH RATE CUT EFFECT........NO DATA EXCUSES.....GIVE A TIME TO COME DOWN TO 2% GRADUALLY......