Reported about 2 months ago
As Wall Street prepares for the Federal Reserve's upcoming interest rate cuts, attention is focused on July's Personal Consumption Expenditures (PCE) price index. J.P. Morgan's Jack Manley anticipates a potential reduction of up to 75 basis points through 2024, including a 50 basis point cut in September. He emphasizes the Fed's data-dependent approach, with upcoming job data likely influencing future rate decisions. The article explores the implications of these cuts on fixed-income markets and the potential challenges for small cap stocks amidst economic uncertainties.
Source: YAHOO