Posted 1/19/2024, 9:27:00 PM
Mizuho Economists See No Rate Cuts in 2024 Despite Optimism on Economy and Consumer Strength
- Economists at Mizuho believe the Fed won't cut rates in 2024, diverging from the consensus expectation of rate cuts
- They emphasize the resilience of American consumers and their spending strength as a key factor
- Mizuho sees an optimistic economic outlook for 2024, with limited room for the Fed to cut rates despite their desire to do so
- Contrary to fears, they don't see signs of an imminent credit crunch or crisis
- Mizuho cautions against betting against American consumers, calling it the biggest mistake forecasters make