Ostrum AM economist sees Fed cut ahead, but not just yet

Elisabeth Reyes
clock • 2 min read

Philippe Waechter, chief economist at Ostrum AM, says that while there are arguments for a US Federal Reserve interest rate cut by July, he does not hold such expectations because of has particular reading of ongoing macroeconomic data. Shares the view in his most recent blog post, Waechter says that: "Macroeconomic data are still strong and do not reflect the imminence of a rapid downturn. Of course there are bleak expectations contained in the long term interest rates' profile but macro data, from the ISM to the unemployment rate, are still strong and are not showing weaknesses". In...

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