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globalreutersJuly 1, 20241 Mins read
Former Fed Gov. Clarida: Sees one Fed rate cut in December
globalreutersJuly 1, 20241 Mins read Former Fed Gov. and PIMCO global economic advisor Richard Clarida is on CNBC says:
- Feds stance is dovish despite perceived hawkishness
- Earliest practical time for rate cut is September.
- PIMCO’s base case is for one cut this year in December
- Characterizes the May inflation data as welcome news for the Fed
- Says that Fed officials need a string of good inflation news to cut rates
This article was written by Greg Michalowski at www.forexlive.com.
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