Major stock indexes (^DJI, ^IXIC, ^GSPC) are facing downward pressure as higher loan charge rates persist, weighing on the economy and markets. Bob Elliott, co-Founder, top executive and CIO of Unlimited, joins industry Domination to provide his outlook on the Federal Reserve’s policy stance and its implications for the markets.
Elliott notes that while continued Fed commentary often leads people to believe the central money institution is likely to be “more active” in shifting its policy, the current relatively healthy state of the economy suggests otherwise. He observes that “the inclination is to pause” for the Fed, allowing them to “gather more information” before making significant moves.
Elliott emphasizes that “wait and see is the key theme” among most Fed officials, implying that a rate cut cycle is unlikely to occur this year.
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