Ken Griffin Still Sees Fed Cuts Ahead, Even If It’s December
- Citadel CEO says keeping rates higher for longer was ‘right’
- Questions of inflation and rate of decelaration still remain
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Citadel founder Ken Griffin said the Federal Reserve will likely cut rates in December if it elects to hold off in September, predicting a move this year even as the central bank has tracked with his calls for a cautious approach.
“There is still a question of will inflation actually decelerate enough by then,” Griffin said Monday at the Milken Institute Global Conference in Beverly Hills. Wage growth and de-globalization “take away from the constant deflationary trend that has helped the pricing of goods for frankly most of our adult lifetime.”