Summers Criticizes Fed for Having ‘Itchy Fingers’ on Rate Cuts
(Bloomberg) -- Former Treasury Secretary Lawrence Summers criticized the Fed for continuing to signal that it’s prepared to lower interest rates.
(Bloomberg) -- Former Treasury Secretary Lawrence Summers criticized the Fed for continuing to signal that it’s prepared to lower interest rates.
According to insights from Fundstrat, the forthcoming inflation analysis could be the precursor to the stock market's next significant downturn.
Recent signs of stickier-than-expected inflation have some Wall Street strategists concerned.
Inflation anticipated to initially surge before experiencing downturn as salary increases and international disputes exert upward pressure on prices.
An increase in U.S. inflation last month that was largely in line with expectations likely won't change the calculus for U.S. central bankers.
In recent discussion former Fed Pres. Thomas Hoenig expressed view suggesting prospect of Fed implementing 3 rate reductions in 2024 unexpected.
Economists just don’t get it. And by it we mean the American consumer’s miserable attitude, which continues to frustrate.