MSNBC Morning Joe June 4, 2024 13:39:00
Because it could cause the fed to pivot its policy either pump the brakes on their historic rate hikes or shift rate cuts to sometime next year. worth noting that fed chairman jay powell pushed back on the notion that rate cuts in early 2023 were at the top of their mind. still it is this idea that maybe the market has already priced in a recession. we saw a rough first half of the year or at least there could be two consecutive quarters of declining gdp. so investors are moving a few moves down...
Source: archive.org