Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
Publishing timestamp: 2024-03-18 19:51:48
Summary
Wall Street forecaster Jim Bianco believes the Federal Reserve will likely stay on hold until next year, as the economy is too strong for interest rate cuts. Expectations for a rate cut in June have dropped below 50%, and Treasury yields are climbing higher. Bianco also discusses the potential for the 10-year Treasury Note yield to hit 5.5% this year. Additionally, the article mentions a global supercomputing stock that is up 95% this year and Goldman's recommendation to hedge for a market decline.
Sentiment: NEUTRAL
Tickers: US10Y,
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