Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate hikes
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
He pointed out a variety of areas where progress has been made, suggesting the Fed at least won't need to hike rates further from here.
The price of attending sporting events rose 25.1% from October 2022 to October 2023, according to government data.
Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with elections across major global powers.
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, the hedge fund titan said Friday.
Markets may be at least a tad optimistic, particularly considering the cautious approach central bank officials have taken.
The CPI, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month.
UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.