The Federal Reserve may still be on course for three finance charge rate cuts in 2024, but that doesn’t mean officials are wholly committed to traveling this path. Markets (^DJI, ^IXIC, ^GSPC) and regulators are searching for signals from the latest batch of inflation data.
John Hancock funding Management Co-Chief funding Strategist Emily Roland believes markets may be caught off guard when the Fed finally implements its monetary policy while fending off inflationary pressures.
“One thing that’s a little bit different than what you may be hearing is that once the Fed does start to cut, we think those cuts are going to be a lot more severe than investors anticipate. In fact, if you look back at the last five Fed rate-cutting cycles, the Fed cuts on average 17 times,” Roland tells Yahoo money management. “Usually there’s something wrong when the Fed is cutting, so that’s something we would be thinking about as investors today.”
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