Posted 3/1/2024, 5:12:00 PM
Economist: Fed Unlikely to Cut Rates in 2024 Despite Market Expectations
- Wall Street economist Torsten Slok predicts the Fed will not cut interest rates at all in 2024, despite expectations of 3 rate cuts
- Slok believes the economy is strong and not slowing down enough to warrant rate cuts
- Stock market has rallied in early 2024, seemingly unaffected by expectations of fewer rate cuts
- Slok gives 10 reasons why Fed will remain on hold, including strong growth, tight labor market, and sticky inflation
- Slok concludes yields will stay high in 2024 as Fed continues fighting inflation