Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

España Noticias Noticias

España Últimas Noticias,España Titulares

“I’m in the camp that the Fed does not change policy in the summer of an election year,” the Bianco Research president told CNBC’s…

On the eve of the Federal Reserve's two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year.

"I'm in the camp that the Fed does not change policy in the summer of an election year," the Bianco Research president told CNBC's"" on Monday."If they don't pull the trigger by June, then it's November December at the earliest — only if the data warrants it. And, right now, the data isn't warranting it.""The economy is too strong right now," said Bianco."It's in a no landing phase as we like to call it.

CrowdStrike CEO on why his company is partnering with Nvidia: ‘We've got the data, they've got the power and the software'at around 3%," he said."That's not 2, and the Fed has made it very clear that they need confidence for going to 2. And, we're not getting that."He still believes the backdrop will keep the yield trending higher.r, we were throwing up 3% growth rates in the economy, and it was able to handle that level of interest rates just fine.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 569. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting“I’m in the camp that the Fed does not change policy in the summer of an election year,” the Bianco Research president told CNBC’s…
Fuente: NBCDFW - 🏆 288. / 63 Leer más »