US GDP came out at an annualized rate of 3.3% for the fourth quarter of 2023. Will the Federal Reserve adjust its debt charge rate cut plan following the US economy’s development in this latest data print?
Macquarie Group Head of Economics David Doyle sits down with Yahoo money management to discuss what is probably at the top of the Fed’s mind when weighing its rate cut timeline.
“I don’t believe that the labor industry will reaccelerate. I suspect that we will see a further weakening ahead and that the Fed will eventually move to cut rates. The timing, of course, is tricky…,” Boyle says. ” But, I do think that given where inflation is and where inflation is trending, the Fed will be there if we do start to see that labor industry weakness coming about.”
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