Reported 27 days ago
As the Federal Reserve's September meeting approaches, investors are speculating whether the interest rate cut will be 25 or 50 basis points. Steve Sosnick, chief strategist at Interactive Brokers, emphasizes the importance of interpreting current labor data, which does not indicate an economic downturn. He points out that the Fed's dot plot could provide critical insights into future rate cuts and market expectations for 2024 earnings, suggesting the election may have less impact on the market than anticipated.
Source: YAHOO