Research Company Chief Strategist Predicts How Many Interest Rate Cuts the Fed Will Make This Year
Sam Stovall, Chief Investment Strategist at CFRA Research, said he expects the Fed to cut interest rates twice this year. Appearing on CNBC's The Exchange program, Stovall evaluated market expectations, inflation outlook and signals from the retail sector. Stovall noted that investors are focused on Fed Chair Jerome Powell's message ahead of the Jackson Hole meeting, saying, “If they say they're going to stick to the data, we still see a sticky inflation environment with the risk of a slowdown in employment.” Stovall stated that annual core personal consumption expenditures inflation is projected to remain above 3% throughout the year,…








