How will the election affect the Fed's rate-cutting cycle? [Yahoo! Finance Canada]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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Source: Yahoo! Finance Canada
Comerica Bank chief economist Bill Adams joins Catalysts Hosts Seana Smith and Madison Mills to discuss how the election and FOMC meeting are expected to affect the US economy. "One thing that the Fed is good about is waiting until they have concrete information about fiscal policy before incorporating it into how they set monetary policy. I think the election outcome, the driver of fiscal policy, is going to be at least as much what happens in Congress as what happens in the White House. If we have [a] divided government, that will probably mean more of a status quo fiscal policy, a one-party sweep [is] more likely to see additional fiscal stimulus, which would be a reason for the Fed to slow the pace of rate cuts in 2025. So we'll probably know that by December. Probably not going to know that by Wednesday," Adams tells Yahoo Finance. He adds, "It's possible that the economy reaccelerates because of fiscal spending. It's possible the economy reaccelerates because the Fed's headw
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CMA
Earnings
- 10/18/24 - Beat
CMA
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/7/24 - Form 144
- CMA's page on the SEC website