Reported 21 days ago
Hennion & Walsh's CIO Kevin Mahn anticipates the Federal Reserve will implement a 25 basis point interest rate cut in September, potentially marking the start of a series of reductions. He suggests that the Fed may revert to its previous chart predicting three cuts of 25 basis points each this year, with further cuts possible in 2025 and 2026, leading to significantly lower rates by the end of 2026. Mahn advises investors to focus on long-term opportunities in both stocks and bonds, as he expects lower rates and inflation in the coming years.
Source: YAHOO