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MNI PODCAST: FedSpeak-Misra Sees Reticence To Ease Prematurely

Federal Reserve

EXECUTIVE SUMMARY

  • Priya Misra, former member of two New York Fed advisory groups, says the central bank is done raising rates but will be reluctant to begin cutting for some time despite lower inflation.
  • She thinks the Fed will wait until the second half of 2024 to cut interest rates as the “last mile” of inflation fighting proves more difficult.
  • Misra, former rates strategist and now portfolio manager at JP Morgan Asset Management, believes long-term yields have seen their peak: “There’s room for the 10-year (yield) to decline some more.”
Listen to the full podcast here.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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