Reported 15 days ago
Krishna Memani, Chief Investment Officer at Lafayette College, discusses the recent 50 basis point interest rate cut by the Federal Reserve. He highlights that while current rates are high due to labor market slack, the economy is stable. Memani forecasts a downward trend in rates in the coming months but warns against expecting further large cuts. He emphasizes that if employment remains strong, further aggressive cuts may be unrealistic.
Source: YAHOO