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Search resuls for: "Citi's Hollenhorst"


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"The Fed is the central bank most able to chart its own course," Citi economist Andrew Hollenhorst said in a client note Wednesday. It was the first time the Riksbank had cut since 2016 and takes its main policy rate down to 3.75%. The Riksbank's move was the second central bank cut of the year, as the Swiss National Bank reduced its key rate a quarter point in March in what was seen as a surprise action. Reductions from the Bank of England and European Central Bank are expected to come next, possibly within a month. "With the exception of Japan, developed markets are embarking on a program of rate cuts," Hollenhorst said.
Persons: Andrew Hollenhorst, BOE, Mark, Bailey, Citi's Hollenhorst, Christine Lagarde, CNBC's Sara Eisen, Lagarde, Hollenhorst Organizations: U.S . Federal, Citigroup, Citi, Sweden's, Swiss National Bank, Bank of England, European Central Bank, Bank of America Locations: U.S, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect first Fed rate cut to come in June, says Citi's HollenhorstAndrew Hollenhorst, Citi chief U.S. economist, joins 'Money Movers' to discuss the lack of data showing the weakening labor market, the trend on wages, and what could be keeping the economy from recession.
Persons: Citi's Hollenhorst Andrew Hollenhorst Organizations: Citi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJust not seeing the soft landing thesis in the data, says Citi's HollenhorstAndrew Hollenhorst, Citi chief U.S. economist, joins 'Money Movers' to discuss Hollenhorst's expectations for a recession this year, whether the data has pointed to better economic growth, and if any rate cut path would be more dramatic than initially thought.
Persons: Citi's Hollenhorst Andrew Hollenhorst Organizations: Citi
"While there has been meaningful progress to date on inflation ... the Fed will not be able to take this for granted." Around 70% of those respondents, 62 of 87, had at least one rate cut by the end of next June. Still, all but five of 28 respondents to an extra question said the bigger risk was that the first Fed cut would come later than they currently forecast. A serious economic downturn could justify an earlier rate cut, but that is looking less likely. The economy was expected to expand by 2.0% this year and 0.9% in 2024, according to the poll.
Persons: Sarah Silbiger, Jerome Powell, Jackson, Brett Ryan, Andrew Hollenhorst, Citi's Hollenhorst, Prerana Bhat, Pranoy Krishna, Rahul Trivedi, Shaloo, Ross Finley, Paul Simao Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Rights, Federal Reserve, Market, Fed, Reuters, Deutsche Bank, Consumer, Index, Citi, Thomson Locations: Washington ,, U.S
"While there has been meaningful progress to date on inflation ... the Fed will not be able to take this for granted." Only one said the Fed would cut rates this year. Around 70% of those respondents, 62 of 87, had at least one rate cut by the end of next June. Still, all but five of 28 respondents to an extra question said the bigger risk was that the first Fed cut would come later than they currently forecast. A serious economic downturn could justify an earlier rate cut, but that is looking less likely.
Persons: Sarah Silbiger, Jerome Powell, Jackson, Brett Ryan, Andrew Hollenhorst, Citi's Hollenhorst, Prerana Bhat, Pranoy Krishna, Rahul Trivedi, Shaloo, Ross Finley, Paul Simao Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Rights, Federal Reserve, Market, Fed, Reuters, Deutsche Bank, Consumer, Index, Citi, Thomson Locations: Washington ,, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarting to see signs Federal Reserve may have to push further, says Citi's HollenhorstAndrew Hollenhorst, Citi chief U.S. economist, joins 'Squawk on the Street' to discuss the labor market's recent strength relative to the Federal Reserve outlook, what the Federal Reserve has to do, and more.
Persons: Citi's Hollenhorst Andrew Hollenhorst Organizations: Citi, Federal
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