Moody's analyst: Fed made mistake but won't cut rates until September
Moody’s Ratings chief economist Mark Zandi said Monday that the Federal Reserve “clearly” made a mistake by not cutting interest rates but would probably wait until its September meeting to act. “They clearly made a mistake,” Zandi said in an interview with CNN’s Jim Acosta, “and I think that’s now obvious to everybody, including them, […]
Trump win, GOP sweep would fuel inflation: Moody's Analytics
A recent report from Moody’s Analytics found that inflation could accelerate again if former President Trump wins the White House and Republicans take control of Congress. In a so-called Republican sweep scenario, which forecasters give a 35% chance of success, consumer price inflation would accelerate from 3% in 2024 to 3.6% in 2025, according to […]