Not ‘Cutting’ It: Full Week Ahead Preview

Not ‘Cutting’ It: Full Week Ahead Preview

If you're amused by the juxtaposition between optically solid economic data and increasingly dovish monetary policy, the week ahead should be a blast. No sooner had the advance read on Q1 GDP blown past estimates on Friday, than Larry Kudlow showed up on CNBC to insist that just because the economy grew at a 3.2% annualized pace in the first quarter (well above even the post optimistic estimate from 72 economists surveyed) doesn't mean we don't still need rate cuts. No, the internals from the
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