2024 Election Politics May Limit Fed's Ability to Cut Rates
- 2024 election politics could limit Fed's ability to cut rates despite market expectations
- December CPI data shows inflation fight not over, reducing chances of near-term cuts
- Chief Strategist urges more caution, less excitement about easing timelines
- Entering an election year, Fed won't risk rate cuts that could seem political
- With inflation still high and economy steady, limited reason currently to cut rates