Reported about 5 hours ago
In a recent interview, Richard Bernstein, CEO of Richard Bernstein Advisors, analyzes the Federal Reserve's decision to cut interest rates amid rising corporate profits. He highlights the unusual situation where increasing corporate profits typically lead to rate hikes, yet the Fed is reducing rates instead. Bernstein warns that this could result in adverse effects in the future, potentially leading to claims that the Fed acted too hastily.
Source: YAHOO