Market research guru Jim Grant predicts the Fed 'will definitely blink' on interest rates [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters The Federal Reserve won't end up raising interest rates as aggressively as projected, said Jim Grant, editor and founder of the venerable Grant's Interest Rate Observer newsletter. I think the Fed will definitely blink, Grant told CNBC on Tuesday. I don't know when it will reverse course; I suspect sooner rather than later. Grant said on Squawk on the Street that investors will know the Fed is blinking when they hear it. We are going to be data dependent; we are concerned about where growth [is]; we are stepping back from time to time ... and we are watchful waiting. That is what it is going to sound like. Rate concerns continued to pressure the stock market Tuesday, with the S&P 500 briefly dipping into correction territory and testing the crushing October lows of just over the 2,600 level. The recent sell-off started after Fed Chairman Jerome Powell said early last month that rates were a long way from neutral, sparking q
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CMCSA
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- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- CMCSA's page on the SEC website