Fed rate cuts look unlikely soon as inflation stays sticky says Richard Harris

Published on 30 April 2026

The Fed stays independent while markets look for cuts

Global market expert Richard Harris says U.S. monetary policy is unlikely to shift much in the near term, pointing to inflation that refuses to fade. He also downplays the hype around Big Tech AI gains, arguing recent profitability is driven more by cloud growth, with Google ahead in AI but facing fierce competition.

Rate cuts are unlikely near term due to sticky inflation
Harris stresses the Fed’s independence limits policy swings
Big Tech profits are tied more to cloud growth than AI
Google leads AI but faces intense competitive pressure

#fed #big tech #inflation #interest rates #us markets

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Fed rate cuts look unlikely soon as inflation stays sticky says Richard Harris

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