Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate hikes

Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate hikes

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The U.S. economy is "back to normal" for the first time in two decades, but the market is getting ahead of the likely pace of interest rate cuts, according to IBM Vice Chairman Gary Cohn. The market is narrowly pricing a first rate reduction from the Federal Reserve in May 2024, according to CME…

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