Bets on Fed Rate Cuts Make No Sense, State Street CEO Says: Davos 2024
January 17, 2024
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5:55Now PlayingBets on Fed Rate Cuts Make No Sense, State Street CEO Says: Davos 2024
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as posted by the channelState Street Chairman and CEO Ron O'Hanley says that bets on US rate cuts make no sense. "I think the Fed was very clear in their dot plot, and I don't know why the markets decided to double it and then go to town on that," O'Hanley said in an interview on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland. "I think that the Federal Reserve, if anything, is going to err on the side of holding interest rates."
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