Reported about 1 year ago
Wells Fargo Global Investment Strategist Veronica Willis shares insights on the potential for two Federal Reserve rate cuts in 2024. Emphasizing that economic data in the second half of the year could lead to the Fed considering multiple cuts if inflation progresses positively, consumer spending moderates, and the economy softens approaching pre-pandemic levels, Willis notes that market reactions are likely priced in but could remain strong. The strategist advises on diversifying exposure, favoring energy, industrials, and materials for the long-term AI trade.
Source: YAHOO