Reported about 2 months ago
Ed Yardeni, a veteran market strategist, predicts that the Federal Reserve will only implement one interest rate cut this year as the US economy remains robust. Despite market speculation for multiple rate reductions, Yardeni believes the strength of the economy and receding inflation do not warrant aggressive cuts. He expects job growth to rebound and inflation to align with the Fed's targets by year-end, making substantial easing unnecessary.
Source: YAHOO