Fed rate cuts ‘in the neighborhood of 2 to 3,’ former Dallas Fed president says

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The Federal Open Market Committee (FOMC) began its two-day policy meeting on Tuesday morning, with Wall Street eagerly awaiting the Fed Dot Plot. Investors now anticipate that the Federal Reserve won’t move to cut interest rates after the March meeting, but still debate the number and timing of future cuts.
Federal Reserve Bank of Dallas former president Robert Kaplan joins Yahoo Finance to break down the current economic backdrop and how it impacts the Federal Reserve’s policymaking.
Kaplan elaborates on macroeconomic trends: “The economy remains resilient, however. And the job market remains very strong. There’s been a little bit of increase in labor supply which is helpful to the Fed, and that’s why the unemployment rate ticked up. But the truth is, there’s still very strong demand for labor…The big cross current that I think the Fed is dealing with, and they may or may not want to acknowledge, is fiscal spending.”
#youtube #FederalReserve #interestrates

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  9. March – June, inflation will decline. Unless Fed cuts sooner. I can already feel the businesses retreating since inflation data came out. Like Pavlovs dogs, expecting the stick of the Fed to whack them down. Which should ensure that Fed can cut by June.

  10. Do it!!
    Cut the rate!!
    😂 You cant!!!
    7% Before 4% 😊
    Fed is a great propagandist.
    DO IT!!!
    CUT .25%
    Inflation will absorb it all within 24 hours.
    They want you to spend with the idea that the future is going to be better for those who are looking to refinance.
    Nope!! 😊

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