The US inventory market (^DJI, ^IXIC, ^GSPC) is making strikes to the upside following the Federal Reserve’s determination to pause rates of interest and Chair Jerome Powell’s press convention. Vanguard World Head of Portfolio Development Roger Aliaga-Diaz joins Yahoo Finance to touch upon the most important challenges on the Fed’s horizon at any time when it begins to chop charges in 2024.
“With larger development this time comes larger inflation. So whether or not we will have that tailwind… remains to be but to return,” Aliaga-Diaz says. “In our view, inflation will stay cussed. We expect the Fed has extra revisions to do by way of the speed cuts and we really feel will probably be very tough for them to get by that first minimize except the inflation image actually begins transferring downward.”
#youtube #inflation #stockmarket
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