Reported 2 months ago
Oppenheimer's chief investment strategist, John Stoltzfus, suggests that July's lower-than-expected Producer Price Index (PPI) provides the Federal Reserve with a strong case to initiate interest rate cuts. He forecasts a possible 25-basis-point reduction in September and potentially again after the November elections. Stoltzfus believes this lowers the negative market sentiment and could offer opportunities for investors to capitalize on current volatility.
Source: YAHOO