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June 19, 2024
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Fed, European central banks may cut rates soon: Economist

Markets have been all too eager to already price in interest rate cuts from the Federal Reserve and other global central banks. What lies in store for the US and global economies?

Goldman Sachs Chief Economist Jan Hatzius sits down with Yahoo Finance’s Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss international commentaries centering on inflation and other economic data prints.

“We have the CPI, we have the PPI last week. You take both of those together, we’re actually getting a pretty friendly core PCE number, even for December, below 0.2%,” Hatzius says. “And I think that is going to keep the Fed and other central banks on the path for rate cuts.”

Hatzius also comments on the US 2024 election’s influence on monetary policy, as well as what AI adoption means for the labor market in 2024.

It’s all part of Yahoo Finance’s exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.

Watch this full episode of Yahoo Finance Live here.

Editor’s note: This article was written by Luke Carberry Mogan.

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