The Federal Reserve's dot plot indicated the central bank's outlook of at least one rate cut in December. In the wake of this pivotal announcement, NFJ...
in December. In the wake of this pivotal announcement, NFJ Investment Group managing director Burns McKinney joins the conversation to share his outlook on the impending Fed rate cuts.
And you know, one of the things that one of the reasons we, we, we take a little bit of what they do with the dot Plot with a grain of salt is that a lot of what the Fed governors are doing is also trying to manage investor expectations. And you know, likewise, we had, you know, with the CP I print that was fairly dovish inflation is pulling back and we do expect that the Fed should get room to cut rates later this year.
And as a result of that lagging, uh you get better valuations than we've had in quite some time and some of those other pockets of the market. And so, uh you know, we, we feel that the economy is probably slowing somewhat, but nevertheless, at a at a sustainable pace.
The Federal Reserve Investor Expectations
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