Fed's Delayed Rate Cuts Unlikely To Trigger Recession, Says Expert

According to Odaily, Nicholas Colas, co-founder of DataTrek, has stated that the Federal Reserve is significantly behind in terms of cutting interest rates. However, Colas does not believe this delay will necessarily lead to an economic recession. He explained that a recession requires a catalyst to initiate, and so far, the United States has not experienced any events that could trigger such a severe economic slowdown. Federal Reserve Chairman Jerome Powell and other senior officials have indicated that the Fed is expected to cut rates later this month for the first time since the early days of the COVID-19 pandemic.