Reported 2 days ago
In a recent discussion, Ruben Hovhannisyan, a portfolio manager at TCW, predicted that the Federal Reserve may need to expedite rate cuts due to a decelerating economy, despite a stronger-than-expected jobs report in September. He emphasized that initial positive indicators should be taken lightly and considered within broader labor market trends, which suggest weakening conditions. Hovhannisyan believes that the current interest rates remain excessively restrictive compared to the neutral rate, pointing towards a need for further cuts, particularly benefiting shorter-term treasury yields.
Source: YAHOO