Why the Fed is feeling comfortable enough to cut rates
Matthew Luzzetti, Deutsche Bank's chief U.S. economist, recently appeared on Stocks In Translation. He discusses the Federal Reserve's plans to cut rates while inflation has yet to hit the central bank's 2% target. He comments, "I think the Fed has a view, and, and we would agree with it, that you've seen disinflation across a lot of categories. One remaining item is rental price inflation, which looks sticky, but that should come down over the next six to 12 months. And, the reason is we've seen it already reflected in the private sector estimates of rent."
Listen to the full episode here, or wherever you get your podcasts.
For expert insight and the latest market action, click here to watch more Stocks in Translation.
This post was written by Neil Mulcahy.