Generally, 'the economy is good': Strategist

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StoneX director of global macro strategy Vincent Deluard joins Catlaysts to discuss his Federal Reserve outlook ahead of the upcoming FOMC meeting.

"Every major central bank is looking at something slightly different," Deluard explains, emphasizing the Fed's primary focus on inflation. While recent inflation data has been warmer than anticipated, markets have largely shrugged off these signals. However, he warns that continued higher-than-expected inflation prints could shift market sentiment.

Deluard suggests the December rate cut is already priced into market expectations. He notes that economic growth has been remarkably resilient, with GDP expanding over 3%, providing a robust tailwind for the economy. "My general impression... is that the economy is good," he states, offering a cautiously optimistic outlook.

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This post was written by Angel Smith