Reported 3 days ago
US stocks dipped following the Federal Reserve's 25 basis point rate cut announcement, with expectations of additional cuts in 2025. Tim Urbanowicz, head of research at Innovator Capital Management, cautions investors against overly optimistic assumptions regarding further cuts without economic consequences, especially amidst rising inflation concerns and the uncertainty of the incoming administration's policies. He emphasizes the importance of risk management strategies in investment portfolios, predicting higher interest rates will persist longer than anticipated.
Source: YAHOO