Reported 12 months ago
JPMorgan Wealth Management global investment strategist Elyse Ausenbaugh discusses the positive real wage growth in a robust labor market favoring consumers, leading to a healthy slowdown for a soft landing. Ausenbaugh mentions potential concerns if the unemployment rate exceeds 4%, impacting the Federal Reserve's decision on an interest rate cut. She expresses comfort with current stock valuations driven by profitable companies amidst inflation and recession risks, anticipating market volatility due to the upcoming election and the Fed's rate cut, emphasizing that earnings will be a key factor propelling the S&P 500 to new highs.
Source: YAHOO