Thoughtful Money with Adam Taggart
Only 1 Rate Cut In 2024? What Does The Latest Fed Guidance Really Mean? | Axel Merk
Jun 13, 2024
Financial analyst Axel Merk joins the host to dissect the Federal Reserve's latest guidance, highlighting the optimistic outlook on inflation and the market's response. They discuss the Fed's shift in rate cut forecasts for 2024 and 2025, the impact on Treasury yields, and the necessity for clearer communication from the Fed for market stability.
01:02:20
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Quick takeaways
- Fed's more optimistic inflation outlook led to a reduced rate cut forecast for 2024.
- Market volatility raises the need for clearer forward guidance in Fed's decision-making process.
Deep dives
Fed's Powell Press Conference Reflection
The press conference with Jerome Powell highlights concerns about Fed's decision-making process, characterized by a lack of consistent principles. El Airian's and the speaker's remarks underscore the need for more forward guidance to provide a framework for policy decisions. The discussion points out the market's volatility and the challenge of interpreting new data points impacting Powell's statements.
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