Fed is 'disconnected' from reality, must cut rates 5 times next year, portfolio manager says | Metals Mine

  • Fed is 'disconnected' from reality, must cut rates 5 times next year, portfolio manager says

    From cnbc.com

    The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles. Gambles, co-founder and managing partner at MBMG Group, told CNBC’s “Squawk Box Asia” the Fed was behind the curve on cutting rates, and in order to avoid an extreme and protracted monetary tightening cycle it will have to deliver at least five cuts in 2024 alone.“I think Fed policy is now so disconnected from economic factors and from reality that you can’t make any assumptions about when the Fed is going to wake up and and start ... (full story)

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Chancy
Dec 5, 2023 8:50am
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Days of free money are over for the time being. Wouldn't be surprised if the fed keep rates as they are for a year or so. It's not like there isn't enough money in the system.
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Subdude
Dec 5, 2023 1:16pm
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Their portfolio probably mirrors ARKK so they need the rates back down to 0 or else they might have to close the shop.
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asmadi78
Dec 5, 2023 6:48am
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10 times is better
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Momofrmnyc
Dec 5, 2023 8:42am
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Oh so they can borrow money at favorable rates again and do the consistent rinse and repeat that they love so much.
makingmoves
Dec 5, 2023 6:55am
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“I will stick to 3%, which I think is already reflected in many asset prices. I don’t think we’re going to push inflation down to 2% anymore. It’s too embedded in the economy by all sorts of things,” said Roche, president and global strategist at Independent Strategy."

“Central banks don’t have to fight as fiercely as they did before. And therefore, the embedded rate of inflation will be higher than before it will be 3% instead of 2%,” said Roche, who correctly predicted the Asian crisis in 1997 and the 2008 global financial crisis."
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FT.Trader
Dec 5, 2023 12:04pm
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jpow has said in his fomc statements that the feds target unemployment rate is 4.5% we are at 3.9%
the fed will hold rates until this is acheived most likely
who is MBMG group anyways?
they are just trying to scare people into turning their money over to them for management
they haven't even got a prime time spot during the ny session
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Bakker
Dec 5, 2023 6:40am
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Tell them Mr Gambles.
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Ferna
Dec 5, 2023 11:45am
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Greta Thunberg is right
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Techknow
Dec 5, 2023 6:46am
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5 times, sure thing bud. Look forward to FIVE cuts next year...
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moonvalley
Dec 5, 2023 7:25am
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Is this piece of news going to have an impact on NAS100 today?
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Trader#B6CB
Dec 5, 2023 6:29am
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FED should Correct Real Estate Loan Mechanism. Bubble of recession is only for Real Estate and associated sectors and not for all sectors. Fed is on right path, just wait and watch
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Trader#A0C7
Dec 5, 2023 7:07am
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First rate cut will probably be in March, so it'll be at least 5 rate cuts in 2024.
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