Rate Cuts: How Would Markets React to Higher for Longer?
Recent hot economic indicators are complicating rate-cut forecasts and raising the question: what if interest rates stay high all year?
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Recent hot economic indicators are complicating rate-cut forecasts and raising the question: what if interest rates stay high all year?
Stocks dropped as January's CPI came in higher than expected, providing the Federal Reserve with a reason to keep interest rates up.
Federal Reserve Chairman Jerome Powell is set to give his annual speech on Friday and will try to offer a clear monetary policy vision while treading lightly given market volatility.
"The data is still very, very strong. The Fed keeps raising rates; it hasn't had an impact. Until it has an impact, we'll keep chugging along," Steve Eisman said.
The Rosenberg Research chief warned that the US faced a "hard landing" in the second half of the year, and could help trigger a global recession.