Yahoo Finance published this video item, entitled “CPI data shows March, May rate cuts are ‘unlikely’: Strategist” – below is their description.
After December’s hotter-than-expected CPI print, HSBC’s Chief Multi-Asset Strategist Max Kettner joins Yahoo Finance Live to analyze whether the data changes the Federal Reserve’s trajectory towards rate cuts this year.
While the inflation reading may not outright “change the calculus of the Fed” itself, Kettner warns other inflation gauges have started “bottoming out and really starting to pick up again” over the last 2-3 months. The reversal he says is “not good news for the Fed” in its bid to fight inflation.
Some investors have started pricing in Fed easing beginning as early as March, but Kettner argues cuts in the near future now look very “unlikely” given re-accelerating indicators.
#youtube #CPI #interest rates
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