9 min
Surprising Unanimity Of Fed Decision TD Ameritrade Network
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- News Commentary
It has been the Fed's M.O. not to go against expectations, says Liz Ann Sonders. She doesn't see rate cuts in the near-term future, especially without contagion in the banking system's woes. She says there is typically an 8 month period between the final rate hike and the first rate cut. For now, she thinks the Fed is focusing on not repeating the mistakes of the 1970s.
It has been the Fed's M.O. not to go against expectations, says Liz Ann Sonders. She doesn't see rate cuts in the near-term future, especially without contagion in the banking system's woes. She says there is typically an 8 month period between the final rate hike and the first rate cut. For now, she thinks the Fed is focusing on not repeating the mistakes of the 1970s.
9 min