Analyst: The Fed's revision of economic expectations will not have a significant impact on financial markets
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Odaily Odaily News: Josh Jamner, senior investment analyst at Clearbridge, an investment company, believes that the Fed's economic expectations suggest that policymakers now expect economic conditions to be less favorable this year, with a moderate slowdown in the economy and rising inflation and unemployment. These changes are consistent with the expectations of banks and macroeconomic research institutions circulating on Wall Street in recent weeks, so in our view, these changes will not have a significant impact on financial markets. Ultimately, the Fed's policy will give way to fiscal policy, and pricing in the federal funds futures market suggests that the next rate cut will not occur until July, and this dynamic is unlikely to change in the short term.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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