Post by thekindercarebear (C/F/M) on Apr 19, 2024 15:40:46 GMT
With inflation staying higher than anticipated for longer, markets have begun repricing their expectations of when the Federal Reserve might begin to cut interest rates. That now looks like late summer or early fall at the earliest, though some analysts are warning the Fed may not cut rates this year at all.
“We are firmly in the camp of no rate cuts in 2024,” said Michael Landsberg, chief investment officer, Landsberg Bennett Private Wealth Management. “While it's unlikely to occur, there is actually a strong case to be made for the Fed to raise interest rates in 2024 given elevated inflation, low unemployment, high stock prices, bitcoin surging and the re-emergence of IPOs.”
“The Federal Reserve is once again in a very tricky situation and declared victory on inflation way too early in late 2023, and now it’s walking back that optimism given the undeniable re-acceleration of inflation that has been seen so far in 2024,” Landsberg added.
Overall, consumers remain in an expansive mood and continue to spend. According to data from polling firm Ipsos, sentiment is stabilizing after a volatile four months in which inflation readings came in hotter and markets began showing volatility over the prospect of interest rates staying at elevated levels.
“We are firmly in the camp of no rate cuts in 2024,” said Michael Landsberg, chief investment officer, Landsberg Bennett Private Wealth Management. “While it's unlikely to occur, there is actually a strong case to be made for the Fed to raise interest rates in 2024 given elevated inflation, low unemployment, high stock prices, bitcoin surging and the re-emergence of IPOs.”
“The Federal Reserve is once again in a very tricky situation and declared victory on inflation way too early in late 2023, and now it’s walking back that optimism given the undeniable re-acceleration of inflation that has been seen so far in 2024,” Landsberg added.
Overall, consumers remain in an expansive mood and continue to spend. According to data from polling firm Ipsos, sentiment is stabilizing after a volatile four months in which inflation readings came in hotter and markets began showing volatility over the prospect of interest rates staying at elevated levels.
www.usnews.com/news/economy/articles/2024-04-18/economy-struggling-with-high-interest-rates-and-stubborn-inflation
what are you people buying that's so important that it is keeping inflation from dropping? =/
