As traders look ahead to the pivotal Federal Reserve policy meeting set for January 30-31, there is mounting speculation about a possible rate cut. Some market participants are even bracing for the cut to be announced as soon as March, indicating a shift in expectations that could influence financial markets.
Gross expressed his concerns about the trajectory of the economy, hinting that the Fed’s current course might lead to unnecessary economic hardships. “The Fed should halt its balance sheet contraction,” said Gross, emphasizing the need for a proactive approach to monetary policy.
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Source: Economy - investing.com
