New PCE data puts rate cuts 'into cement,' says Moody's Mark Zandi

Publicado 2024-07-26
Mark Zandi, Moody's Analytics chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss reactions to new PCE data, paths to Fed rate cuts, and more.

Todos los comentarios (14)
  • @wilhelmina-o1c
    The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
  • @Fgji230
    Roads were packed today. Along with summer construction, sure didn't feel like a recession out there.
  • @TomTom-du5qv
    Cutting rates while GDP is this high, in addition to CPI still above 2% is going to bring back the 70's style inflation cycle.
  • Rates at this level for too long will bring the US economy into recession.
  • I'm all for rate cuts, but it is kind of hilarious that inflation is clearly sticky and GDP is running higher. So I'm not sure how we are "all set for rate cuts". I would understand if PCE was under 2% and GPD was flat or down.
  • @Fgji230
    As inflation falls, real rates rise. Adjustments may be needed.
  • @tedstriker6743
    Why would you cut rates if the economy is fine? We are still dealing with inflation everyday. Inflation is up over 25% in the last three years! Disgusting! All these talking heads just care about their stocks. Could care less about the American people
  • Glory!!! After so much struggles I now own a new house with an influx of $155,000.00 every month God has kept to his words,my family is happy again everything is finally falling into place. God bless America.
  • @rickhayes-oh2zm
    pretending inflation is 2.5 means they are cutting. Actually inflation is 30%.