A Fed Hike in 2025? Adam Posen Throws a New Risk Into Wall Street’s Mix
Spending will flow after the election, no matter who wins — so get ready for inflationary pressure
Adam Posen of the Peterson Institute for International Economics isn’t buying the Wall Street consensus that a Federal Reserve rate hike is off the table.
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Wall Street economists have started sniffing out a US economic slowdown that becomes more pronounced as time goes on. As evidence, they point to tepid earnings releases at certain retailers (see Target Corp.’s report today, for example), fewer job openings and people quitting their jobs.