Derek Halpenny from MUFG and Katharine Neiss from PGIM discuss “US exceptionalism” and what this means for the economy, the dollar and the Federal Reserve’s cutting cycle in 2025. “I think later this year we could start to see more evidence of slowdown in the US and that’s not priced in,” Halpenny told Bloomberg Television. Speaking to Francine Lacqua, Neiss adds that the Fed may be poised for three rate cuts this year. “Not a massive, aggressive cutting cycle ahead of us, but a little bit more than what is priced in,” she says. (Source: Bloomberg)
