00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Economists are sharply divided over the U.S. economic outlook,
00:06heading into the second half of 2026, according to Reuters.
00:09Natix's CIB America's head economist, Chris Hodge, expects two quarter-point rate cuts
00:14as consumer weakness and falling inflation-adjusted wages weigh on growth.
00:19PGIM chief economist Robert Salkin sees three rate hikes,
00:23citing above-trend growth, above-target inflation, and a warming labor market.
00:28City economists forecast sequential cuts at the September, October, and December Fed meetings.
00:33Global oil prices have fallen below $80 a barrel
00:36following a U.S.-Iran deal reopening the Strait of Hormuz.
00:40New Fed chairman Kevin Warsh chairs his first policy meeting on Wednesday,
00:44with rates expected to hold in the 3.50% to 3.75% range.
00:49For all things money, visit Benzinga.com.
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