Fed Cuts Only at Halfway Mark, Marathon's Richards Says
NeutralFinancial Markets

Bruce Richards, the CEO of Marathon Asset Management, believes that the Federal Reserve is only halfway through its rate-cutting cycle, with 125 basis points left to reach a neutral rate of 3%. He notes that job market weaknesses are prompting the Fed to ease monetary policy despite ongoing inflation. This insight is crucial as it highlights the Fed's approach to balancing economic growth and inflation, and it raises questions about the future leadership of the Fed as a new chair will soon replace Jerome Powell.
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