Reported 7 months ago
Federal Reserve Governor Christopher Waller expressed the need for holding interest rates higher for longer and waiting for more favorable inflation data before considering rate cuts. Hennion & Walsh CIO Kevin Mahn highlighted warning signs of an economic recession, including slowing GDP growth in the first quarter, decreased consumer sentiment, rising unemployment, and a consumer burdened with debt reducing spending. Mahn suggested that the market may have overestimated the Fed's ability to execute a soft landing, but anticipates that when the first rate cut occurs, both stocks and bonds will benefit.
Source: YAHOO