ACTV - Rate Cuts Are Coming But Timing Remains Uncertain
2024-03-23 02:55:00 ET
Summary
- With a resilient economy and sticky inflation, expect policymakers to choose caution over speed.
- Despite recent inflation data surprising to the upside and breaking from the end-of-year trend, we have long held that the path to target inflation would not be smooth.
- The central bank’s ability to orchestrate a soft landing (avoid recession while coming close to target inflation) has been in question.
By Olumide Owolabi
With a resilient economy and sticky inflation, expect policymakers to choose caution over speed. ...
Rate Cuts Are Coming, But Timing Remains Uncertain