Lates News

Peter Cardillo, Chief Market Economist at Spartan Capital Securities: The Federal Reserve is acting very cautiously. I believe that in the current situation, we may have to wait until the fourth quarter to consider a rate cut, depending on how energy prices trend. If energy prices do not decrease within a reasonable time frame and instead remain at current levels, this would mean higher inflation rates. At that time, the economic growth rate may be below 1% while inflation rates would be higher, resulting in stagflation.