Markets brace for Fed decision: Are 3 rate cuts still possible?
03/20/2024 21:36
The highly anticipated day has arrived, with the Federal Reserve set to announce its decision on interest rates today. Investors will be closely watching the dot plot data to see if the market's expectations of three rate cuts in 2024 will hold true. Schwab Asset Management CEO and CIO Omar Aguilar joins Yahoo Finance Live to discuss US recession forecasts on this anticipation. Aguilar notes that the high levels of inflation the Fed is trying to reduce require "a very different path." He highlights that with sticky inflation data still emerging, the Fed is grappling with whether "we need to be more patient," keeping rates higher for longer or lowering rates and risking a recession. However, Aguilar emphasizes that the economy currently remains resilient. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
The highly anticipated day has arrived, with the Federal Reserve set to announce its decision on interest rates today. Investors will be closely watching the dot plot data to see if the market's expectations of three rate cuts in 2024 will hold true. Schwab Asset Management CEO and CIO Omar Aguilar joins Yahoo Finance Live to discuss US recession forecasts on this anticipation.
Aguilar notes that the high levels of inflation the Fed is trying to reduce require "a very different path." He highlights that with sticky inflation data still emerging, the Fed is grappling with whether "we need to be more patient," keeping rates higher for longer or lowering rates and risking a recession.
However, Aguilar emphasizes that the economy currently remains resilient.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith