Yahoo Finance published this video item, entitled “Why the Fed ‘has no reason to move’: Strategist” – below is their description.
Hopes for an March rate cut from the Federal Reserve seem to be waning. With stronger-than-expected retail sales and recent comments from Federal Reserve Governor Christopher Waller. it is becoming unclear when the Fed will make the first rate cut of 2024.
Providence Financial & Insurance Services President Anthony Saccaro joins Yahoo Finance Live to discuss his outlook.
Saccaro says that though inflation data is continuing to cool, “the Federal Reserve has no reason to move at all,” if overall economic data remains strong come March.
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