From Yahoo Finance: 2024-04-29 10:26:09

As the Federal Reserve prepares for a decision on rate cuts, the markets are trading higher. PGIM Fixed Income Co-Chief Investment Officer Gregory Peters suggests that the Fed meeting on Wednesday may not be very interesting, as hot inflation data may push the central bank to refrain from implementing rate cuts. He acknowledges the potential for a rate hike but notes that it is not the base case. Peters attributes the Fed’s rate-cut apprehension to a positive economic backdrop, highlighting a strong economy and slightly higher inflation as favorable for earnings. Stay informed with expert insights by watching the full episode of Morning Brief.



Read more at Yahoo Finance: Fed rate hikes remain a ‘remote’ possibility: Analyst