Vanguard's base scenario is a "deferred landing" for US economy, less aggressive Fed cuts
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Vanguard's global head of rates expects less aggressive Federal Open Market Committee (FOMC) rate cuts due to global risks of a rebound in price pressures and signs of stubborn inflation in the US. Vanguard's base scenario is for a "deferred landing" for the US economy, with continued economic growth and higher inflation than the Federal Reserve wants, but not high enough for interest rate hikes. Vanguard also warns of tail risks such as a rebound in inflation or weakening economic growth. The firm also warns of fiscal profligacy if either of the presidential candidates campaigns on a platform of fiscal expansion.

#Vanguard #UsEconomy #FederalReserve #InterestRateCuts #Inflation #EconomicGrowth

https://www.forexlive.com/centralbank/vanguards-base-scenario-is-a-deferred-landing-for-us-economy-less-aggressive-fed-cuts-20240422/