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."
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Пікірлер: 25
LOL, the media circus keeps rolling on
Let’s get our rate hikes :) stop being silly
Hmmm. This did not age well. Will not be investing with Morningstar!!
Remember some1 said wat inflation? Den transitory. Look at your shopping bills. Looks like 30%-50% inflation
Why would they if numbers keep coming out good
Circus,nothing else!
Fed needs to raise rates to combat rising inflation.
soooo theres still a chance we get a cut in march?
People thought they'd cut early 2024, maybe even 2023...at this rate they'll cut 2025.
this guy smoking hopium on his lunch break
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!
Rates are not high. They are normal.
Increase the interest rate to 12%
@FlaminHotChips
Ай бұрын
lol do that and nobody will be buying stuff😂
No they wont
@emeraldoramadhan1028
Ай бұрын
yes they will
@starship519
Ай бұрын
@@emeraldoramadhan1028 they cant. Its not even possible
This guy lol why would they cut
Partner your Brain is Debased ,
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.,,
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
Ай бұрын
TDS much?