Reported about 2 months ago
Blake Gwinn, head of US Rates Strategy at RBC Capital Markets, argues that the Federal Reserve is unlikely to cut interest rates further, especially after a strong jobs report showed an additional 256,000 nonfarm payroll jobs in December. He points to seasonal trends from previous years that complicate the justification for cuts, suggesting that a repeat of past Q1 patterns makes it difficult for the Fed to consider additional cuts in the near future.
Source: YAHOO