There's still a good chance the Fed hikes rates again before cutting, market vet says

Fri, 01/05/2024 - 13:36

jerome powell — Federal Reserve Board Chairman Jerome Powell prepares to testify before a Senate Banking Housing and Urban Affairs Committee hearing on the The Semiannual Monetary Policy Report to the Congress; on Capitol Hill in Washington, U.S., March 1, 2018.
Yuri Gripas/Reuters

A rate hike could still be on the table in the first quarter, Veritas' Gregory Branch told CNBC.
Markets have become too confident that the economy is slowing down.
Inflation is re-emerging due to the market's expectation of a Fed pivot, he said.

Interest rates could still rise if the Federal Reserve is committed to slowing the labor market, the founder of Veritas Financial Group told CNBC on Thursday.