Reported about 1 year ago
State Street Global Markets macro multi-asset strategist Cayla Seder believes that the US economy, although showing signs of moderation, remains strong overall, with wage growth still robust and more job openings than unemployed individuals. Seder anticipates a possible interest rate cut in September by the Federal Reserve, but asserts that the economy may still be too strong in the near term for significant cuts, resulting in a predicted shorter and relatively shallow rate cutting cycle, as caution against interpreting signs of moderation as weakness or expecting excessive rate cuts unless a recession is imminent.
Source: YAHOO