Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst According to Jim Bianco, a renowned Wall Street analyst, the Federal Reserve may not lower interest rates throughout 2024, deviating from earlier predictions of potential rate cuts. In a recent Bloomberg interview, Bianco shifted his stance closer to expecting no rate reductions, suggesting that the current high interest rates have not significantly harmed the economy. He challenges the notion that rates must fall to prevent economic damage, pointing out that, aside from minor issues like those in commercial real estate, the broader economy has remained resilient. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation, Growth, and Labor Data Heat Up, But Wall Street Stays Skeptical READ MORE Gold Inches Higher, Supported by Soft Dollar and Rising Middle East Tensions READ MORE BREAKING: Biden's $5 BILLION Gift Exposed READ MORE Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin READ MORE De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
