Justin Wolfers Says RATE CUTS Are Gone After Middle East Strikes
Economist Justin Wolfers says the chances of Federal Reserve rate cuts have dropped sharply following U.S. strikes in the Middle East. Wolfers argues that military action disrupting global energy markets pushes prices up — the opposite of what's needed for the Fed to justify cutting rates. For anyone counting on lower mortgage or car loan payments this year, he says that relief is likely off the table. What does this shift mean for borrowers who were already stretching to manage higher rates? #FederalReserve #InterestRates #Economy
About Justin Wolfers
Justin James Michael Wolfers (born December 11, 1972) is an Australian-American economist and public policy scholar. He is professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan, and a senior fellow at the Peterson Institute for International Economics.
More about Justin Wolfers→Added
Know someone who'd love this clip?
Share it with friends and fellow fans.
