The highly anticipated day has arrived, with the Federal Reserve set to announce its decision on interest rates today. Investors will be closely watching the dot plot data to see if the market’s expectations of three rate cuts in 2024 will hold true. Schwab Asset Management CEO and CIO Omar Aguilar joins Yahoo Finance Live to discuss US recession forecasts on this anticipation.
Aguilar notes that the high levels of inflation the Fed is trying to reduce require “a very different path.” He highlights that with sticky inflation data still emerging, the Fed is grappling with whether “we need to be more patient,” keeping rates higher for longer or lowering rates and risking a recession.
However, Aguilar emphasizes that the economy currently remains resilient.
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Why does no one talk about the thousands of people getting laid off from big companies that are not hitting non farm payroll because they are on severance packages?
Today was another demonstration of the market not caring whether the fed cut or raise rates. The market will still go up regardless. The fed doesn’t drive the market anymore. It’s been like this for multiple times already.
Federal Reserve not calling the shots anymore
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Indices will drop anyway so the Fed isnt important….
I know what’s going to happen 😅
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Stfu / two nobodies adding nothing
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