Reported about 8 hours ago
In the latest episode of Trader Talk, host Kenny Polcari disputes the belief that the Federal Reserve will soon implement rate cuts, suggesting it's merely a comforting myth for investors. He emphasizes that while there are concerns like weak retail sales and inflation, the labor market and corporate earnings are stable, meaning rate cuts are not imminent. Instead, these cuts are reserved for true economic crises, and current market expectations could lead to a painful correction when reality hits.
Source: YAHOO