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 U.S. Economy Triumphs: U.S. Growth During a Global Slowdown READ MORE Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains Shaky READ MORE Goldman Now Sees BOJ Scrapping Negative Interest Rate Tuesday READ MORE Gold ETF Flows: March 2024 READ MORE Dollar’s dominant reserve currency status to endure, says Morgan Stanley READ MORE Add a Comment Cancel replyYour email address will not be published.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
