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Fed may cut rates 5 times in 2025: Economist​

Seana Smith and Brad Smith
Wed, March 27, 2024 at 9:40 PM GMT+8

S&P Global Ratings has raised its US GDP growth forecast for 2024 based on a strong finish to 2023, with falling inflationary pressures. The agency has also weighed in on the likelihood of interest rate cuts from the Federal Reserve. S&P Global Ratings Global Chief Economist Paul Gruenwald joins Yahoo Finance to discuss the agency's forecasts and how the Fed will make policy decisions moving forward.

Regarding rate cuts projections, Gruenwald states: "We get three this year, maybe five next year. If we kind of land three-ish we're close to done unless the -- if the labor market tanks, that's the downside scenario, then the Fed has a lot of space to cut. Now they would do that. In the baseline it's going to be gradual and as we get inflation back to two [percent]. "

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

 

[k1976]

Look like 2024 is ....
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[k1976]

 

[k1976]

Dubai Sheikh Abruptly Halts Plans for HK Family Office​

• Sheikh Ali Al Maktoum dealing with ‘urgent matters’ in Dubai
• The Dubai investor attended several events in Hong Kong

Sheikh Ali Al Maktoum at the One Earth Summit in Hong Kong on March 25.Photographer: Lam Yik/Bloomberg
By Venus Feng


March 28, 2024 at 10:14 AM GMT+8
Updated on
March 28, 2024 at 2:43 PM GMT+8

An investor who says he’s a relative of Dubai’s ruling family has abruptly delayed plans to open a family office in Hong Kong just days after making a pledge to expand in the Asian financial hub.

Sheikh Ali Al Maktoum, who says he’s related to Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum, is postponing the official opening of his family office scheduled for Thursday, according to a statement from the Hong Kong-Middle East Business Chamber.