Many experts predicted the Fed would cut interest rates at the beginning of the year. Eric Freedman, chief investment officer for the U.S. Bank Asset Management Group, and Beth Ann Bovino, U.S. Bank chief economist, discuss what happened and share their predictions for the second half of 2024. https://bit.ly/4cW0Abe
Interesting insights on the U.S. economy and inflation dynamics. It seems like the Fed's decision on interest rates hinges heavily on achieving sustained inflation at 2 percent. The mixed signals from different sectors reflect the complexity of our current economic landscape.
Laura Weiner
2mo
Really interesting information. Everyone has an opinion!
Clara Cruz
2mo
Thanks for sharing
Great advice!
NMLS#241313 Sales Manager at Hallmark Home Mortgage, LLC NMLS#53441
2moInteresting read. Everyone has an opinion on what the Fed is going to do and unfortunately, most of those opinions are biased by what the person wants to happen for their own pocketbook. I tend to be a contrarian on this subject and lean toward a Fed rate cut after the election. I do believe they have the potential for a 50 basis point cut in the last two months of the year. Even so, the market has priced at least 25 basis points already and the most important thing will be the verbiage the Fed delivers if and when they do cut.