Investors are widely expecting the Federal Reserve to hold interest rates steady in May.
Transcript:
SKYLER WEINAND: Right so with the May Fed meeting, the Fed’s come out and said, hey, we’re waiting. We have to wait for a lot more data to come out to really make any type of decision. They have fully disclosed that they’re not doing squat. So wait for their rhetoric, post their meeting and how they are looking at jobs numbers, how they’re looking at inflation numbers. If we stay the course for the summer, I don’t think the Fed really has anything to do until the fall, September, maybe November. But if unemployment really ticks up to, let’s say, four, seven, four, eight in the next few prints, they’re going to start to get worried that tariffs are peering through to the employment numbers much quicker than they would have hoped. So they’re not going to do anything in May but call it September. Sometime in the fall we could see upwards of a 50, maybe even a 75 basis point cut if employment gets materially worse.
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