Calls for further rate cuts 'a little too aggressive'
It is widely expected that the US central bank will cut the cost of borrowing, with markets largely pricing in a quarter percentage point drop, despite higher prices and cost of living pressures.
JoAnne Feeney, Partner & Portfolio Manager at Advisors Capital Management, says the Fed remains concerned about inflation, tariffs and the job market and that calls for further rate cuts are ‘a little too aggressive’ at this stage.
