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A recent survey of 28 former Federal Reserve officials, referenced by Andrew Ackerman, found that a majority believe the central bank is likely to keep interest rates steady or even raise them this year. Only a quarter of those surveyed indicated that a rate cut would be appropriate in the current year.
The survey was conducted by Duke and highlights limited support among former policy insiders for an imminent change in the U.S. interest rate stance.
The muted expectations for near-term rate cuts from former Federal Reserve officials reflect broader caution across financial markets, paralleling the environment that propelled substantial after-hours gains for Netflix and Paramount Skydance earlier this year. Such measured sentiment also aligns with recent regulatory moves, including the decision to decrease capital requirements at the largest U.S. banks, underscoring the prevailing uncertainty shaping both monetary policy and major corporate strategies.