2024-02-07 05:45:00 ET
Summary
- The Fed poured cold water on a March rate cut, but the underlying message still has rates coming down.
- Gross domestic product growth for 2023 was above the long-term rate, which kept inflation somewhat warm.
- Even if the economy enjoys a soft landing, the Fed will still be making sizable cuts.
By Eric Winograd
The Fed poured cold water on a March rate cut, but the underlying message still has rates coming down - by a lot. Waiting for the starting point can be risky for investors....
Read the full article on Seeking Alpha
For further details see:
The Fed's Rate Message Makes The Sidelines Risky