Ed Yardeni on CNBC.CNBC screengrab The Fed can take the rest of 2023 off, according to market veteran Ed Yardeni. That's because inflation is falling, which means the Fed has room to back off of rate hikes. The US may be able to avoid a recession after all as the economy enters a "rolling recovery," he added. The central bank can take the rest of the year off.
Similar Stories to The Fed Can Take The Rest Of The Year Off As Inflation Is Crumbling And There's No Recession In Sight, Market Vet Ed Yardeni Say on Bing News
jsor@insider.com (Jennifer Sor), Business Insider
Fri, 08/11/2023 - 9:19am
Topics: t think we cnbc the fed the us consumer price index june july cpi september cme fedwatch s&p business insider yardeni fed us july inflation recession market vet rest of the year prices economy rates conditions shelter excluded rolling means financial high falling recovery added tip tight news energy interest signs good
BING NEWS:
- The Fed is done cutting rates this year as the 'phantom recession' is finally dead, market vet says
The US recession many forecasters have been calling for isn't going to materialize anytime soon, according to market vet Ed Yardeni.
10/7/2024 - 5:22 am | View Link - Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible
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09/29/2024 - 1:00 pm | View Link - US Inflation Hits Fed’s 2% Goal Early 2025 in Economists Survey
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09/27/2024 - 2:50 am | View Link - Fed’s Preferred Inflation Gauge Cooled in August
The Federal Reserve’s preferred inflation gauge showed price pressures cooled last month, rising 2.2% in August from a year earlier. The personal-consumption expenditures price index ...
09/27/2024 - 2:21 am | View Link - Fed's Favorite Inflation Gauge: What to Expect From August PCE
The most recent CPI suggested inflation eased in August to a three-year low, and helped tee up the Fed to go big with a 0.5-percentage-point rate cut last week. Here is what economists polled by ...
09/26/2024 - 9:32 pm | View Link - More
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