Wells Fargo: Stagnant core inflation may limit the Fed's rate cuts

BlockBeats news, on October 10, Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute, said: "Overall, further anti-inflation progress should allow the Fed to make a series of "modest" interest rate cuts next year. But core inflation has stagnated, coupled with a strong employment report in September, the Fed is most likely to make two small 25 basis point interest rate cuts in the remainder of 2024." (Jinshi)