MRB on Business Insider – Oracles of Wall Street – December 18, 2024
Phillip Colmar, Managing Partner, was featured in Business Insider’s Oracles of Wall Street list once again for 2024!
Colmar leaned against the overwhelming market consensus that the Fed was poised to slash rates early in the year.
He said in January that the economy didn’t require rate cuts, and that the Fed signaling them would essentially lead to a scenario where financial conditions eased materially, supporting risk-taking, strong economic growth, and making inflation stickier. This would delay Fed rate cuts and hinder its ability to easy substantially.