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The debate is heating up over whether the Fed should cut interest rates sooner rather than later. Experts go back and forth on what will happen to the U.S. economy, but some wonder if it doesn’t matter what the Fed does because the tech sector continues to dominate. There is.
Matthew Ruzetti, chief U.S. economist at Deutsche Bank Securities, joins Yahoo Finance to provide insight on the current state of the economy as the Federal Reserve determines the right time to cut interest rates in 2024.
Explaining how the Fed is considering lowering rates, Ruzzetti said: “I think they’ve signaled that they don’t want to cut rates too early from a risk management perspective. The economy is doing well. , we see financial conditions as being quite accommodative.” With stock markets at record highs, there is no urgent call for action, but at the same time we see policy as being restrictive. That’s true, and we recognize some of the stress that that can cause through local banks and CRE. [commercial real estate] Or consumer delinquencies are increasing, so I think we’ve got something like a soft landing from the Fed’s perspective. ”
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino
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