Real Vision: Finance & Investing #995 - Is a June Rate Cut off the Table? | With Jim Bianco
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Mar 15, 2024 
Jim Bianco from Bianco Research discusses market reaction to inflation data, likelihood of rate cuts, breakout in oil, forces driving bitcoin's pullback. AI event in Singapore, potential rate cuts by Federal Reserve, competition between gold and bitcoin, impact of Japan's interest rate hike on the market.
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Prepare For Real Estate Risks
- Investors with exposure to commercial real estate or urban retail should prepare for potential losses or write-downs.
- Many property markets remain fragile under current high interest rates without early monetary easing.
US Consumer Spending Fuels Inflation
- The US economy is stronger than expected due to increased consumer spending and lower savings rates.
- This spending supports growth but also keeps inflation persistently above the Fed's target.
Fed Rate Cuts Off The Table
- The Fed is unlikely to cut rates soon due to inflation remaining above 3% and political credibility concerns.
- Market expectations for rate cuts this year are fading, especially after recent strong economic data.