Reported about 1 month ago
In a discussion about the recent jobs report, which fell short of expectations by adding only 142,000 jobs instead of the projected 165,000, NYSE Senior Market Strategist Michael Reinking described the likelihood of a Federal Reserve rate cut as 'a coin flip.' He noted improvements in payrolls but warned that significant downward revisions from the previous month could overshadow the positives. Reinking suggested that while a 25 basis point cut seems likely, the market's response to easing monetary policy remains unclear.
Source: YAHOO