"Shark Tank" Investor Says No Interest Rate Reductions This Year
Investors should discard any expectations of interest rate reductions for the remainder of the year, according to Kevin O'Leary.
Investors should discard any expectations of interest rate reductions for the remainder of the year, according to Kevin O'Leary.
A closely tracked wage growth metric hit its highest level in a year the first quarter, fueling concerns that sticky inflation may be pervasive.
The U.S. economy may already be navigating a downturn, mirroring patterns seen in China where significant government debt underpins economic growth.
Harvard prof. Kenneth Rogoff said financial markets would impose restraint on any move by a US president to force the Fed into easing monetary policy.
It appears that the Federal Reserve is not yet prepared to reduce interest rates. This sentiment is echoed by the CME FedWatch Tool.
"Higher rates are now a systemic problem for equities," Piper Sandler chief investment strategist Michael Kantrowitz wrote in weekly note to clients.
According to Mark Spitznagel, rate cuts by the Fed would likely occur only under dire economic circumstances, signaling a potential recession.