Neil Dutta on Economic Research
Masters in Business
00:00
Is It Difficult for the Fed to Cut?
If real growth is holding up and we're growing above potential, then even if price inflation is moderating, it's still going to be difficult for the Fed to cut in that environment. I think on the globalization side, we probably have a little bit more of a home bias now. We are 60% services, 40% goods when everyone's stuck at home. It's spike on top of a decade long shortfall of home construction. The Fed, if they want to stop inflation, should stop raising rates and allow those renters to become buyers.
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