Reported 10 months ago
Federal Reserve Governor Christopher Waller expressed the need for holding interest rates higher for longer and waiting for more favorable inflation data before considering rate cuts. Hennion & Walsh CIO Kevin Mahn highlighted warning signs of an economic recession, including slowing GDP growth in the first quarter, decreased consumer sentiment, rising unemployment, and a consumer burdened with debt reducing spending. Mahn suggested that the market may have overestimated the Fed's ability to execute a soft landing, but anticipates that when the first rate cut occurs, both stocks and bonds will benefit.
Source: YAHOO