Danielle was a guest with Jim Goddard on Talk Digital Network, talking about recent developments in the world economy and markets. You can listen to an audio link of the segment here.
Though Chair Powell said he expects they will make no rate cuts in 2023, the futures market expects cuts to start this summer with 220 bps by the end of 2024 (as shown below). We shall see. The average recession historically has seen the central bank ease by 350 bps.
