Why the case is growing for a Federal Reserve interest rate cut before year end
Publishing timestamp: 2023-01-31 17:53:33
Summary
The latest CNBC Fed Survey shows that the Federal Reserve is expected to start cutting rates again before the end of the year, and that the market is betting that the rate will be below 5% by the end of the year. Recent economic data and commentary from members of the CNBC CFO Council indicate that wage growth and labor market tightness are easing. The survey also found that 51% of respondents expect a recession, but that the unemployment rate is expected to rise to 4.5%. Consumer spending is down, but the Chinese economy is expected to bounce back this year. Tech job cuts are continuing, but the labor market is still tight.
Sentiment: MIXED
Tickers: ARKK,
Keywords: u.s. economy, ark innovation etf, economy, business news, federal reserve bank, interest rates,
Source: https://www.cnbc.com/2023/01/31/why-the-case-is-growing-for-a-fed-rate-cut-before-year-end.html