Reported 3 months ago
In light of upcoming Big Tech earnings and a crucial jobs report, George Catrambone of DWS Group predicts a potential Federal Reserve rate cut in September, contingent on releasing labor data. He emphasizes that the labor market must stabilize to inform the Fed's decisions, indicating that both the economy and markets are approaching desired levels. Catrambone highlights the necessity for careful analysis to ensure the Fed avoids unfavorable positions.
Source: YAHOO