News Formal

The Fed's 2% inflation target is an 'absolute trap': 40-year market vet

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Sverige Nyheter Nyheter

The Fed pursuing 2% inflation is an 'absolute trap' for the economy, 40-year market veteran says

"If credit drops that much, we've got a real, huge economic problem on our hands. The market is telling you, in terms of forward yield curves, that they expect the Fed to make a mistake," Knapp said, pointing to bond market futures Some economists have argued that the Fed needs to press forward with rate hikes, given that inflation is still well-above the Fed's target, clocking in at 5% in March.

Inflation will drop to 3% by June, Knapp predicted, agreeing with other market commentators who say the Fed shouldInvestors are pricing in an 86% chance the Fed will hike rates another 25 basis-points at the end of the policy meeting on Wednesday, per the

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

U.S. stocks fall as investors turn attention to Fed decision, debt ceiling By Investing.com⚠️BREAKING: *U.S. STOCKS TUMBLE, VIX SPIKES AS WALL STREET BRACES FOR FED DECISION $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Källa: Investingcom - 🏆 450. / 53 Läs mer »