Fortune (October 11)
2024/ 10/ 13 by jd in Global News
“Famed economist Ed Yardeni said earlier this year the Federal Reserve would be ‘one and done’ when it comes to rate cuts—announcing one reduction and leaving it at that.” Following the “unexpected 50-basis-point (bps) cut in September—double the 25 bps widely expected by the Street—Yardeni is now convinced Fed chairman Jerome Powell won’t be lowering any further.”
Tags: Lowering
