"Urgent Rate Cuts Needed as Jobs Market Weakens, Strategists Warn of Imminent Recession"
TL;DR
Canaccord Genuity's chief market strategist, Tony Dwyer, believes that the Federal Reserve needs to be more aggressive with rate cuts due to a weakening jobs market and easing inflation. Dwyer points to falling employment survey participation rates skewing jobs report data and expects the Fed to act in response. He anticipates rate cuts to benefit financials, consumer discretionary, industrials, and health care stocks, leading to a more even market performance by the end of the year.
Topics:businessfinanceeconomy#federal-reserve#financeeconomy#interest-rates#jobs-market#rate-cuts#stock-market
- Fed must get 'more aggressive' with rate cuts due to weakening jobs market, Canaccord's chief market strategist says CNBC
- The Fed needs to 'kill the zombie' with a high-rate-induced recession before investors should jump in to buy more stocks, strategist says Yahoo Finance
- 3 Pockets of Economic Stress to Watch Morgan Stanley
- The Fed's rate-cut projections are pointing to an imminent recession, economist says Yahoo Finance
- Buy stocks on weakness that typically benefit from rate cuts, Canaccord's Tony Dwyer suggests CNBC
Want the full story? Read the original reporting
Read on CNBC