At the start of the year, people thought there would be rate cuts, but now that’s not so sure. Wage growth is still high, making 2% inflation doubtful. Stocks seem tired, adding more uncertainty to the mix.
There are only three certainties in life, death, taxes and markets being wrong about federal-funds rate pic.twitter.com/DAzbBsoEfO
— Michael A. Arouet (@MichaelAArouet) February 9, 2024
“At the start of the year, if you said there won’t be any rate cuts this year, people would’ve looked at you as if you had three heads. Now, it’s a real possibility.” Wage growth in particular is still too high to suggest consistent 2% inflation ahead. https://t.co/mOZZZaraTq pic.twitter.com/NyKEGNe3lg
— Lisa Abramowicz (@lisaabramowicz1) February 9, 2024