UBS predicts Fed will cut interest rates deeply in the spring

[SouthJamaica]

UBS: Fed will cut interest rates deeply this spring

https://thehill.com/business/4308542-fed-will-cut-interest-rates-deeply-this-spring-estimate-says/

[flexin222]

Thanks for the info. That sounds great, but the question is...Can Americans make it till spring? If the interest rates go up again or keep going up till spring? I've researched and Americans are struggling hard and If they don't have a fixed APR, I really feel for them. The war is not making it easier for Americans it is however making it easier for those that have and corporations. God help us all!

[SouthJamaica]

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@flexin222 wrote:

Thanks for the info. That sounds great, but the question is...Can Americans make it till spring? If the interest rates go up again or keep going up till spring? I've researched and Americans are struggling hard and If they don't have a fixed APR, I really feel for them. The war is not making it easier for Americans it is however making it easier for those that have and corporations. God help us all!

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Amen.

[CreditCuriosity]

To early to consider cutting rates yet.  Just my humble opinion until inflation is in the 2-3% range which by no means are we there yet.  Rather wait another year of pain then have to replay this in a few more years again.

[Zoostation1]

I think the jury is still out on whether the fed can cool inflation in a relatively slow, but sustained manner and avoid a full on recession.

[SouthJamaica]

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@Zoostation1 wrote:

I think the jury is still out on whether the fed can cool inflation in a relatively slow, but sustained manner and avoid a full on recession.

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I think we are already in a recession.

[AndySoCal]

@SouthJamaica  Here is an article to the contrary Jamie Dimon Chase CEO has made comments of a possible 7% fed funds rate in the past. I do not see the feds cutting rates until  the inflation rate is much closer 2% than we are now. Wall Street is trying to find a way for the soft landing. I doubt it will happen.  Wall Street has also described the consumer as strong but also using credit cards to pay bills and raiding the 401k to do the same. Also missing car payments etc.  Which financial lane does Wall Street think the consumer is driving in? Credit card debt is at all time highs of over 1 trillion dollars.  The the goverment and the consumer needs to get there financial house in order otherwise there are serious economic consequences on the bad side my opinion. Here is a link to an article

https://www.cnn.com/2023/10/02/investing/jamie-dimon-jpmorgan-7-percent-interest-rate-recession/inde... 

These comments were made about a month ago or so.  Nothing has changed much since these comments

[CreditCuriosity]

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@SouthJamaica wrote:

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@Zoostation1 wrote:

I think the jury is still out on whether the fed can cool inflation in a relatively slow, but sustained manner and avoid a full on recession.

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I think we are already in a recession.

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We have been in a recession imho for well a year or two just no one really wants to say it.

[SouthJamaica]

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@CreditCuriosity wrote:

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@SouthJamaica wrote:

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@Zoostation1 wrote:

I think the jury is still out on whether the fed can cool inflation in a relatively slow, but sustained manner and avoid a full on recession.

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I think we are already in a recession.

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We have been in a recession imho for well a year or two just no one really wants to say it.

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Very possible. 

[coldfusion]

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@CreditCuriosity wrote:

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@SouthJamaica wrote:

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@Zoostation1 wrote:

I think the jury is still out on whether the fed can cool inflation in a relatively slow, but sustained manner and avoid a full on recession.

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I think we are already in a recession.

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We have been in a recession imho for well a year or two just no one really wants to say it.

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If I wanted to be cynical I'd be thinking that this were actually being considered as a way to trigger a dead cat bounce ahead of next November.

I choose to not be cynical.