Former Trump advisor says the U.S. economy is 'back to normal,' but markets may be jumping the gun on rate cuts
Publishing timestamp: 2023-11-29 08:21:35
Summary
Former Trump economic advisor Gary Cohn believes that the U.S. economy is "back to normal" for the first time in two decades, but the market is pricing in interest rate cuts too quickly. Cohn does not expect the Federal Reserve to cut rates until the second half of 2024. He also highlights the resilience of the U.S. economy despite rising interest rates and discusses the need to unwind inflationary shocks. Cohn believes that economic data is heading back towards its long-term average.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2023/11/29/former-trump-advisor-says-the-us-economy-is-back-to-normal-.html