Title: Sahm’s Rule Economist Predicts Steady Interest Rate Cuts, But Not 50 Basis Points
Date: October 16, 2021
Economist Claudia Sahm, the founder of Sahm’s Rule, expects the Federal Reserve to continue steadily cutting interest rates. However, she believes that the Fed is unlikely to cut interest rates as sharply as 50 basis points, as it did in September. Sahm’s comments come as the Fed’s efforts to curb inflation have been successful thus far.
Despite the positive outlook on the economy by experts, Sahm acknowledges that consumers may not view the economy as favorably.
