Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience Former Federal Reserve President Thomas Hoenig expressed surprise at the prospect of the Federal Reserve cutting interest rates three times in 2024, considering the current economic landscape. Speaking on CNBC’s “Squawk on the Street,” Hoenig suggested that, based on the resilience of the economy, persistent inflation above 3%, strong consumer spending, and low unemployment rates, one or two rate cuts would be more probable than three. His comments reflect skepticism about the need for such aggressive monetary policy easing given the economy’s enduring strength. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Banks Under Pressure: Rising Concerns Over Commercial Real Estate Exposures READ MORE Zimbabwe Will Attempt to Create Gold-Backed Currency READ MORE Persistent Inflation Challenges Eurozone, Core Prices Higher Than Anticipated READ MORE Gold is headed to $3,000 or higher, says this veteran strategist READ MORE Silver: "It’s Time To BUCKLEUP" READ MORE Add a Comment Cancel replyYour email address will not be published.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
