Economists: Prudent bets needed on Fed rate cuts

Odaily Planet Daily News: Federal Reserve observer and chief economist of Nationwide warns people to be cautious about betting on a Fed rate cut. She believes that investors are too eager to digest the impact of interest rate cuts, and as concerns about a sharp economic slowdown intensify, they generally expect the Federal Reserve's protective policy (Fed put) to cushion economic activity. Even assuming that economic activity does not sharply decline, high levels of sticky inflation, coupled with inflationary pressures from tariffs, may keep the Federal Reserve on the sidelines for a longer period of time than market expectations. (Golden Ten)