It's a critical week for monetary policy as several central banks around the globe are slated to release interest rate decisions. EY chief economist Greg...
It's a critical week for monetary policy as several central banks around the globe are slated to release interest rate decisions. EY chief economist Greg Daco joins Catalysts to discuss how the Federal Reserve will approach its interest rate cut and how it may affect the market.
He argues that front-loading cuts"makes sense" as the Fed is behind the curve:"The Fed should have started easing monetary policy back in June, in July, perhaps. But now we're in September and we're late in the game." We're likely to have the Bank of England on hold and we'll have the Bank of Japan likely signaling or tightening monetary policy.
We continued to think that the fed is extremely data point dependent and that gradualism is likely to be the favorite approach for a lot of policymakers. It breeds volatility and it leads to the sudden repricing in market that are deterring economic activity.And that's a lack of communication and a lack of robust framework on the part of the FED that is leading to this.TikTok begins appeal against being sold or banned in USTesla has reached another new milestone. The company announced over the weekend that it produced its 100 millionth 4680 cell across all of its factories.
The Federal Reserve Data Dependency Global Economic Activity Interest Rate Cut Greg Daco
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