Big Bets on Fed Rate Cuts Look Like Fantasies
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State Street Global Advisors made a big call on Fed rate cuts; however, it looks unlikely to happen. The Federal Reserve Chairman, Jerome Powell, spoke at the Macroeconomics and Monetary Policy Conference on March 29, 2024. The article is written by Katie Greifeld and was published on April 12, 2024. The article discusses the skepticism surrounding the possibility of Fed rate cuts and questions the validity of the big bets made on this outcome.
https://www.bloomberg.com/news/newsletters/2024-04-12/big-bets-on-fed-rate-cuts-look-like-fantasies