Fed's Miran says he still favors three, maybe four, rate cuts this year
businessmacroeconomics 7 posts · 3 accounts
Fed official Miran said he still favors three, and possibly four, rate cuts this year and does not yet see a convincing reason to wait before easing again.
From the sources (7 posts)
@zerohedge*FED'S MIRAN SAYS HE FAVORS 3, MAYBE 4 CUTS THIS YEAR
@financialjuiceFed's Miran: At this point might only see three cuts for the rest of the year.
@firstsquawkFED'S MIRAN SAYS THERE MAY ONLY BE THREE INTEREST RATE CUTS LEFT THIS YEAR.
@financialjuiceFed's Miran: A year from now, 12-month PCE could be around the 2% target.
@financialjuiceFed's Miran: I favour 3, maybe 4 cuts this year.
@financialjuiceFed's Miran: At this point, I feel that the Fed should be heading to a neutral rate estimated as low as 2.5%.
@financialjuiceFed's Miran: I still do not see a convincing reason to wait before cutting rates again, given the current forecast.