Reported about 1 month ago
Despite anticipation of a Federal Reserve rate cut during the September FOMC meeting, Dana D'Auria, Co-CIO and Group President at Envestnet Solutions, does not expect a significant 50-basis-point cut. She highlights the importance of the upcoming jobs report in determining the potential impact of rate changes, suggesting that while a cut may be on the horizon, its scale remains uncertain. D'Auria also advocates for investors to focus on more value-oriented sectors like small-cap stocks for long-term growth.
Source: YAHOO