Reported about 1 month ago
The US economy is described as being in a 'middling' phase as the Federal Reserve prepares for its first interest rate cut following a significant period of high inflation. Market analyst Alex McGrath emphasizes that while inflation has decreased, there remains a burden of unmet consumer demand, leading to conservative forecasts from major companies. He suggests a cautious investment approach focusing on defensive sectors like utilities and healthcare as the market may face challenges ahead.
Source: YAHOO