POWELL OPENS DOOR TO RATE CUTS

Blitz of Global Data TS Lombard Parses Odds of Cuts - and Hikes

The Federal Reserve at its last meeting of the year unexpectedly made a bold tilt toward rate cuts in 2024 as Chair Jay Powell said the reductions could start well before inflation reaches its two percent target.

Longtime Fed watcher Steven Blitz of Global Data TS Lombard told me in an interview after the Fed decision that the first rate cut could come quickly if the monthly jobs numbers show a decline. But he also sees better than 50% odds that inflation could rise to 4% or higher by the end of the year, and put a roadblock in the Fed’s move toward lower rates.

Click on the link below to hear what Steve sees for the Fed next year.
Fed's Powell Opens Door to Rate Cuts, Steve Blitz of Global Data TS Lombard