- Tavi Costa, macro strategist at Crescat Capital, is a contrarian when it comes to the market's expectation of Federal Reserve rate cuts.
"I don't think we're going to see four to five rate cuts in a year out," said Costa."I actually think we're probably going to see even a slight increase in rates potentially because of this re-emergence of inflation," he added, referencing higher commodity prices including metals, oil and lumber. "Unless you go back to the war period, all of that is highly inflationary," Costa said, adding"it's hard to believe we're going to go back to the Fed's [2% inflation] target anytime soon."
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