If the Fed keeps rates higher for longer they risk moving into a recession: Hennion & Walsh CIO
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- เผยแพร่เมื่อ 20 พ.ค. 2024
- Federal Reserve Governor Christopher Waller said today that he favors holding interest rates higher for longer and needs to see several more months of favorable inflation data before pursuing rate cuts. Hennion & Walsh chief investment officer Kevin Mahn joins Market Domination to discuss the Fed's next moves and three signs of an economic recession.
"I think the Fed needs to be careful because if they keep rates too high for too long, they risk their own forecasted economic slowdown moving into a recessionary period," Mahn says. He points to several warning signs of a recession: first quarter GDP growth slowing to 1.6%, consumer sentiment slumping to its lowest level since July 2022, increasing unemployment, and an overleveraged consumer slowing down spending.
As for the future of the market (^DJI,^GSPC, ^IXIC), Mahn believes it got "a little bit ahead of itself thus far this year, pricing in the perfect execution of a soft landing by the Federal Reserve, and we're clearly not there yet." However, he says that when the first rate cut happens, stocks and bonds will both face a tailwind.
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You're not cutting rates when inflation is still red hot.
but The ECONOMY is Strong & Resilient 😂😂
@@HughJass-jv2lt Yep, what a joke.
@@nickvin7447
Any Predictions for NVIDIA tomorrow?
❤
Investing in South korea was not a mistake. Great president Biden.
Economy's doing fine with current interest rates, but they need to go higher. But not expecting any more rate hikes until after Biden's reelection is secured. What I AM expecting is for COLA to once again not match true inflation when it's time for Congress to announce the number in another 5 months.
You’re always in risk of a recession until you balance the budget and start to work the 34 trillion dollar national deficit the other way.
HIghest small business closures Highest Food Highest energy Highest Interest rates Highest Debt in History, Families are struggling but, the Fed Administration make millons so its no problem for them.
Stop bull S**ing. Just show us the dark pool markets. ;)
Yahoo. Rate hikes don’t affect supply side and greed inflation.
The Fed has SAID they’re raising rates to increase unemployment, “soften labor markets.”
Report the news
That's a lie.