The US stock sector (^DJI, ^IXIC, ^GSPC) is making moves to the upside following the Federal Reserve’s decision to pause finance charge rates and Chair Jerome Powell’s press conference. Vanguard Global Head of investment mix Construction Roger Aliaga-Diaz joins Yahoo money management to comment on the biggest challenges on the Fed’s horizon whenever it starts to cut rates in 2024.
“With higher expansion this time comes higher inflation. So whether we’re going to have that tailwind… is still yet to come,” Aliaga-Diaz says. “In our view, inflation will remain stubborn. We think the Fed has more revisions to do in terms of the rate cuts and we feel it will be very difficult for them to get through that first cut unless the inflation picture really starts moving downward.”
#youtube #inflation #stockmarket
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