CIO - Vexing Gap Persists on Rates

To Jan Szilagyi, CEO at market research firm Toggle AI, the Fed’s hesitancy is understandable—especially with the economy seeming to be doing well, as exemplified by current high employment.

“A lot of the decline that we have seen so far was food and energy-related. So it’s not really something that the Fed can impact directly,” Szilagyi said in a statement. Thus, “looking at the labor market, looking at inflation, you are seeing a reason to tread a little bit more cautiously.”

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