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Author: tecmo ⎊  😊 😞
Number: of 1020 
Subject: Re: No Fed Cuts this year?
Date: 06/02/2024 12:59 PM
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I am also skeptical about the need for a rate cut. The economy is doing just fine and unless we see some sustained weakness (ie: 6 months - which would put us out to the end of the year) I don't see the need.

One sticking point - many of the other large economies are likely to cut rates, which could put upward pressure on the USD, that might either stall out the economy or prompt a smallish cut in rates.

BTW I expect a pretty significant (say 10%) pull back in equities as the market starts to realize rates are not coming down...

tecmo
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