I won’t rule out a March rate cut: Renaissance Macro Research’s Neil Dutta
Neil Dutta, partner and head of economic research at Renaissance Macro Research, tells BNN Bloomberg that after today’s October CPI data, doves at the US Fed have everything they need to argue for cutting rates sooner than the markets expect. He says hawks no longer have the excuse of a tight labour market with it largely in balance. He also says core CPI 'if anything, is overstated'.
Neil Dutta, partner and head of economic research at Renaissance Macro Research, tells BNN Bloomberg that after today’s October CPI data, doves at the US Fed have everything they need to argue for cutting rates sooner than the markets expect. He says hawks no longer have the excuse of a tight labour market with it largely in balance. He also says core CPI 'if anything, is overstated'.
