TechFlow news, March 11 — According to Jinshi News, as concerns over the risk of a U.S. economic recession intensify, futures traders are increasingly betting on consecutive Fed rate cuts in June, July, and October.
Fed Chair Powell said last Friday that due to a still-strong labor market, bumpy inflation trajectory, and uncertainty surrounding Trump’s trade, fiscal, immigration, and regulatory policies, the Fed is not急于 cutting rates. Goldman Sachs economists have downgraded their U.S. growth forecast to 1.7% and raised inflation expectations.
The New York Fed’s latest Survey of Consumer Expectations shows that while inflation expectations remain relatively stable (3.1% for one year ahead, 3% for both three and five years ahead), public concern about the economic outlook has clearly increased, with rising pessimism regarding personal financial conditions over the next year, and worsening expectations for unemployment, delinquency rates, and credit access.
