Name: Debt Ceiling Impacting Market Performance
Uploaded: 2023-05-16T22:05:10.756
Duration: 8 min 26 s
Description: The Federal Reserve's Bostic stated that he does not see inflation coming down quickly. Marc Chandler says that rate cuts could happen, but they're improbable due to the strength of the economy. Also, Bostic believes that we will not be looking at cutting until well into 2024 and that there is some risk of a recession. Chandler says that the market is pricing in a default.

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The Federal Reserve's Bostic stated that he does not see inflation coming down quickly. Marc Chandler says that rate cuts could happen, but they're improbable due to the strength of the economy. Also, Bostic believes that we will not be looking at cutting until well into 2024 and that there is some risk of a recession. Chandler says that the market is pricing in a default.