Reported about 1 month ago
Barry Bannister, chief equity strategist at Stifel, suggests that the Federal Reserve should not rush to cut interest rates, indicating that the economy's growth potential is being underestimated. He anticipates a cautionary approach, advocating for maintaining current rates to allow for adjustments before considering any cuts. Bannister emphasizes that while the market may be in a euphoric phase, a measured response from the Fed could lead to a healthier market adjustment.
Source: YAHOO