TD Securities: Upcoming CPI or a higher threshold for the Federal Reserve to suspend interest rate cuts at its next meeting
2024-12-07 13:24:56
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Molly McGown, U.S. interest rate strategist at TD Securities, said the upcoming CPI would serve as a "higher threshold" for the Federal Reserve to pause its rate-cutting program at its next meeting after the jobs data is released. TD Securities expects the Fed to pause rate cuts early next year as policymakers review Trump's fiscal policy after he takes office in January. "We know from Powell that once he knows what the actual policy is, he will start putting it into the policy framework," Molly McGown added. (Kim X)
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