🔥🔥🔥 MOODY'S: SHOULD THE FED LOWER INTEREST RATES?
➡️ Mark Zandi, Chief Economist of the credit rating agency Moody's, made remarkable statements about the FED's interest rates. Zandi stated that the FED had achieved its economic goals and argued that it should consider reducing interest rates.
➡️ Zandi stated that employment is at full level and the unemployment rate is around 4%. He also stated that excluding home ownership rents, inflation has recently been at 2%. He emphasized that maintaining the current high interest rates of 5.5% is unnecessary and could put economic stability at risk.
➡️ Despite CNBC's Sarah Eisen's concerns that the PCE index did not reach the targeted 2% level, Zandi noted that the trend is moving in the right direction and there are signs that the labor market is softening. Despite strong employment numbers, key economic data show no momentum, he said.
➡️ Zandi warned that postponing interest rate cuts until September could increase economic risks. While he acknowledged that the economy had a high probability of a soft landing, he argued that this risk was unnecessary.
🔥🔥🔥 Conclusion: According to Zandi, it may be healthier for the FED to review its current policy stance and reduce interest rates in terms of economic stability‼️
