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SFC Markets and Finance | ANZ Group Chief Economist: The Fed may slow the pace of rate cuts

发布日期:2024-10-31 03:22    点击次数:73

(原标题:SFC Markets and Finance | ANZ Group Chief Economist: The Fed may slow the pace of rate cuts)

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In an exclusive interview with an SFC reporter, Richard Yetsenga, ANZ Group Chief Economist, expressed his surprise at the Federal Reserve's decision to ease rates by 50 basis points in September. He noted that this move seemed inconsistent with the economic data available at the time and the signals previously communicated by the Fed. Yetsenga suggested that recent economic indicators imply the Fed may have acted too hastily.

Looking ahead, Yetsenga expects the Fed’s easing cycle to result in a total rate cut of around 200 basis points. While interest rates are unlikely to return to pre-2020 levels, he emphasized that a range of 3% to 3.5% would be more favorable for the U.S. economy than the current 5.5%.



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