Reported 4 months ago
The stock market is under pressure as investors anticipate the Jobs report and the possibility of a Federal Reserve interest rate cut. Comerica Wealth Management CIO John Lynch predicts the Fed will hold rates until at least September due to clear messaging from economic data, emphasizing the challenge of reaching the 2% inflation target. Lynch suggests that while weak employment data is required to fuel rate cuts, a significant drop in employment could initiate a rate-cutting cycle.
Source: YAHOO