The highly anticipated day has arrived, with the Federal Reserve set to announce its decision on interest rates today. Investors will be closely watching the dot plot data to see if the market's expectations of three rate cuts in 2024 will hold true. Schwab Asset Management CEO and CIO Omar Aguilar joins Yahoo Finance Live to discuss US recession forecasts on this anticipation.
Aguilar notes that the high levels of inflation the Fed is trying to reduce require "a very different path." He highlights that with sticky inflation data still emerging, the Fed is grappling with whether "we need to be more patient," keeping rates higher for longer or lowering rates and risking a recession.
However, Aguilar emphasizes that the economy currently remains resilient.
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Aguilar notes that the high levels of inflation the Fed is trying to reduce require "a very different path." He highlights that with sticky inflation data still emerging, the Fed is grappling with whether "we need to be more patient," keeping rates higher for longer or lowering rates and risking a recession.
However, Aguilar emphasizes that the economy currently remains resilient.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
