Political News & Social Views

Tag: US Economy

The Fed Will Not Cut Before the 2024 Election

Biden Will Still “Betcha” the Fed Will Cut

Someone should let President Biden know that the Federal Reserve is not going to deliver him a politically expedient rate cut.

Jamie Dimon Warns U.S. Might Face Interest-Rate Spike

JPMorgan Chase Chief Executive Jamie Dimon warned that U.S. interest rates could soar to 8% or more in coming years, reflecting the risk that record-high deficit spending and geopolitical stress will complicate the fight against inflation.

An election is looming. So when will the US Fed cut rates?

Only ten days ago, Federal Reserve Board chairman Jay Powell told congress the Fed is “not far” from rate cuts, adding that he meant “at some point in 2024.” Fortunately, he added the usual “subject to incoming data”.