Reported 2 months ago
Despite concerns stemming from recent earnings reports and indications of a cooling labor market, Baird Investment Strategist Ross Mayfield asserts that the U.S. is not on the verge of a recession. He emphasizes the possibility of a 50 basis point rate cut by the Federal Reserve as discussions for their September meeting approach. Mayfield suggests that while the sell-off in stocks may have further to decline, he remains optimistic about market recovery.
Source: YAHOO