Mahoney Asset Management CEO Ken Mahoney advises investors to be cautious in rushing the Fed for rate cuts, emphasizing the importance of focusing on growth companies amid one of the biggest capital expenditures in market history.
The February Consumer Price Index (CPI) reading was released on Tuesday, moderating expectations of rate cuts in the near term. Mahoney Asset Management CEO Ken Mahoney joins Yahoo Finance to discuss why he believes those wishing for interest rate cuts on Wall Street should be cautious in rushing the Fed to make its policy decisions . Mahoney advises that investors focus on " growth companies " amid "one of the biggest capital expenditures " in market history: "Be careful what you wish for.
Remember, end of October, we had that spooky month because we were talking about keeping rates higher for longer, that's what they told us. Then it capitulated about a week later, following the bond markets, the way we look at it, and said, "Oh, forget about that higher for longer, probably cutting rates in 2024." And then it was like a bidding war...Listen, the last thing in the world you want is six rate cuts because that's accompanied with slower growth
Consumer Price Index Rate Cuts Wall Street Fed Policy Decisions Growth Companies Capital Expenditures
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