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Top Wall Street execs are getting skeptical on the Fed’s easing path

Top Wall Street execs are getting skeptical on the Fed's easing path

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024.

Brendan McDermid | Reuters

RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing path with a further two reductions this year.

The Fed cut its benchmark rate by 50 basis points in September,…


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