'It's good for them to kind of keep in their back pocket that a rate cut could happen,' said Dom Catrambone, CEO of Volshares Large Cap ETF.
Markets and investors are watching the Federal Reserve and Chair Jerome Powell for signs of upcoming rate cuts at this week's economic symposium in Jackson Hole, Wyoming. The Fed has been deliberate with rate cuts thus far, which has frustrated markets. But industry watchers say its patience could save the economy in the long run. Cutting rates sooner could leave the Fed flat-footed if a recession does occur. It could also look like they are bowing to political pressure from President Trump.
Markets and investors are watching the Federal Reserve and Chair Jerome Powell for signs of upcoming rate cuts at this week's economic symposium in Jackson Hole, Wyoming. The Fed has been deliberate with rate cuts thus far, which has frustrated markets. But industry watchers say its patience could save the economy in the long run. Cutting rates sooner could leave the Fed flat-footed if a recession does occur. It could also look like they are bowing to political pressure from President Trump.
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