The Wall Street economist who nailed the Fed's 'joyous' rate cut sees the same thing again
- Posted on September 21, 2024
- By Fortune
- 2 Views
The Wall Street economist who nailed the Fed's 'joyous' rate cut sees the same thing again
"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong labor market."
