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  • Don’t sweat the prospect of no Fed rate cuts, economist says — markets will still march higher

    From cnbc.com

    Markets will continue to rally even if the Federal Reserve chooses not to cut interest rates this year, according to Steven Blitz, chief U.S. economist at TS Lombard. His comments come as investors await the release of further U.S. economic data and closely monitor clues from Fed officials about the expected number of interest rate cuts in 2024. Last week, the U.S. central bank left interest rates unchanged for the fifth consecutive time, in line with expectations, keeping its benchmark overnight borrowing rate in a range between 5.25%-5.5%. The Fed also said at the time that it still expects three quarter-percentage ... (full story)

hahaha... now you can see "No rate cut" garbage language started to surface on fake new channels

I said this before, the FED will not cut any rates this year, but instead JPY is gonna intervene, which will drive the USD lower by default, so why cut rates at all... Plus JPY needs to move up a little bit anyway.
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  • Posted: Mar 28, 2024 12:15pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 3,773

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