2 Question Tuesday – 03/05/2024 – What Do You Make of Recent Fed Comments About Rate Cuts & What Does The Auto Credit And Delinquent Situation Tell Us?

Welcome to 2 Question Tuesday. This week’s client submitted questions were:

  1. What do you make of recent Fed comments about rate cuts?
  2. What does the auto credit and delinquent situation tell us?

Phil, Mike, and Larry discuss last week’s comments by Mary Daly, president of the Federal Reserve Bank of San Francisco, where she said there’s no urgent need to cut interest rates given the strength of the economy. They then talk about how access to automobile credit is the lowest since August 2020, while the percentage of US auto loans delinquent 90 days or more rose above the 15-year average of 2.16% to 2.66% in the fourth quarter.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Host Lawrence Carrel’s books available available at Amazon.com