Brian Rose, senior U.S. economist at UBS Financial Services, said that the U.S. economy seems to be heading for a soft landing, and below-trend growth in the short term will help bring down inflation. With inflation easing faster than expected, the Fed’s rate hikes appear to be over. If the economy achieves a soft landing as expected, Rose believes the Fed will start cutting interest rates around the middle of next year, with 25 basis points per quarter. If there is a recession, there is no reason for the Fed to maintain a restrictive policy, and interest rate cuts will be much larger. If the economy continues to grow faster than expected, then the Fed is likely to stay on hold for the entire 2024.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
