Fed will cut rates in June and every other 2024 meeting: Strategist

The highly anticipated March CPI (Consumer Price Index) report is set to be released Wednesday, with markets anticipating how this data will impact the Federal Reserve's interest rate cut outlook. Morningstar Chief US Market Strategist David Sekera joins Yahoo Finance Live to share his insights on the path forward.
Sekera emphasizes that the market will be closely focused on the shelter inflation component of the CPI report, as this metric has been a key driver in keeping inflation "running hotter for longer thus far this year." However, he notes that shelter and rent metrics are starting to fall, indicating that shelter inflation should cool over time.
Despite this, Sekera believes that overall inflation can reach 2.2% this year and that the Fed is in a position to cut rates as soon as June. He anticipates the Fed will continue cutting rates at "every meeting over the course of the rest of the year," with the Fed funds rate falling to a range of 4-4.5%.
Regarding investment strategies, Sekera warns that "what's worked for the past 1.5 years is not gonna be what's gonna work going forward." He advises investors to adopt a more defensive approach as the market is currently "stretched."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
#fed #jeromepowell #yahoofinance

Пікірлер: 25

  • @alexrubin5955
    @alexrubin5955Ай бұрын

    LOL, the media circus keeps rolling on

  • @petergalas5207
    @petergalas5207Ай бұрын

    Let’s get our rate hikes :) stop being silly

  • @rationalthought846
    @rationalthought846Ай бұрын

    Hmmm. This did not age well. Will not be investing with Morningstar!!

  • @sundasilat
    @sundasilatАй бұрын

    Remember some1 said wat inflation? Den transitory. Look at your shopping bills. Looks like 30%-50% inflation

  • @ViewerC7100
    @ViewerC7100Ай бұрын

    Why would they if numbers keep coming out good

  • @andreideac3962
    @andreideac3962Ай бұрын

    Circus,nothing else!

  • @rockroll1639
    @rockroll1639Ай бұрын

    Fed needs to raise rates to combat rising inflation.

  • @jimhockaday2702
    @jimhockaday2702Ай бұрын

    soooo theres still a chance we get a cut in march?

  • @Trebbell
    @TrebbellАй бұрын

    People thought they'd cut early 2024, maybe even 2023...at this rate they'll cut 2025.

  • @jimhockaday2702
    @jimhockaday2702Ай бұрын

    this guy smoking hopium on his lunch break

  • @stoplying2267
    @stoplying2267Ай бұрын

    The rates will not be cut...did he not just see the jobs report last week. The FEDS should be hiking rates, to put more pressure on all this price gouging!

  • @venvnco6259
    @venvnco6259Ай бұрын

    Rates are not high. They are normal.

  • @profitmix441
    @profitmix441Ай бұрын

    Increase the interest rate to 12%

  • @FlaminHotChips

    @FlaminHotChips

    Ай бұрын

    lol do that and nobody will be buying stuff😂

  • @starship519
    @starship519Ай бұрын

    No they wont

  • @emeraldoramadhan1028

    @emeraldoramadhan1028

    Ай бұрын

    yes they will

  • @starship519

    @starship519

    Ай бұрын

    @@emeraldoramadhan1028 they cant. Its not even possible

  • @Virago_XV
    @Virago_XVАй бұрын

    This guy lol why would they cut

  • @rickdeese
    @rickdeeseАй бұрын

    Partner your Brain is Debased ,

  • @ultramindcontrolrealzz8367
    @ultramindcontrolrealzz8367Ай бұрын

    all i care about is my portfolio like most politicians so im guessing the rates will be cut so the rich and make more money in the stock market and biden will look good.,,

  • @RA-II
    @RA-IIАй бұрын

    On if the reason fuel cost are climbing is because we have an ex president with a son in law name Kushner call the Saudis to raise fuel price . Kushner has 2 billion dollars of Saudis moneys so the Saudis will pay Trump game by raising prices

  • @rjbernard72

    @rjbernard72

    Ай бұрын

    TDS much?

Келесі