UPSCBANKINGSTATE-PSC
Economist anticipates Fed rate cut amid US trade tensions and economic resilience.
Summary
Economist Ed Yardeni predicts a 25 basis point Fed rate cut amid ongoing US trade tensions. He highlights the US economy's resilience despite a weak labor market, making it important to understand global economic trends. This information is relevant for understanding monetary policy and its impact.
Key Points
- Ed Yardeni expects a 25 basis point Fed rate cut.
- US trade tensions are expected to continue under President Trump.
- The US economy shows resilience with strong GDP growth.
- The labor market in the US is considered weak.
Full Article
Economist Ed Yardeni anticipates ongoing US trade tensions under President Trump, viewing tariffs as a negotiation tool. He notes the US economy's resilience with strong GDP growth despite a weak labor market. Yardeni also expects a 25 basis point Fed rate cut, with the market watching for dovish or hawkish signals.
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