"Market Optimism: No Fed Rate Cuts, No Problem?"

Economist Steven Blitz believes that markets will continue to rise even if the Federal Reserve doesn't cut interest rates this year, citing the diverse nature of the U.S. economy. While Fed officials have hinted at potential rate cuts, the likelihood of a cut in June has decreased. The Fed is cautious about normalizing policy too quickly, with the optics of a rate cut becoming challenging in the lead-up to the November presidential election.