Zentner Clings To Rate-Cut Call As Fed Searches For Disinflation

I harbor -- how should I put this? -- "reservations" about the usefulness of sell-side Fed forecasts. In fact, I harbor reservations about all sell-side forecasts. And just macro-market forecasts in general, regardless of who's making them. A long time ago, in a galaxy far, far away, Wall Street research wasn't news. It still isn't on any regular definition of the word "news," but it's routinely newsified, usually to fill up space and particularly on days when other news is in relatively short