Neil Dutta says “the key difference” between now and a few years ago is that people aren’t thinking about recession despite a slowing economy. He thinks that it’s a mistake to “wait and see” right now. The Fed has “put itself into a bind,” he adds – he thinks inflation will continue to moderate as housing costs cool off and the economy slows, especially if the Fed does not “step in” by cutting rates.
Market On Close
24 Feb 2025
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