Federal Reserve Forecast for Rate Cuts in 2024: A Portfolio Manager’s Perspective”.

Investors skeptical of Fed rate cut expectations amidst strong economic growth

Keith Gangl, Portfolio Manager at Gradient Investments, recently shared his thoughts on the market implications of the Federal Reserve’s forecast for three rate cuts in 2024. While the Fed has maintained this prediction, investors are beginning to doubt it and expect fewer cuts.

Gangl emphasized that the economy is performing well and does not see a need for a rate cut at this time. He believes that any decision to cut rates will depend on data-driven factors. He advised investors to remain diversified in their portfolios, acknowledging that while certain top stocks have been leading market gains, there are still opportunities for value outside of these select stocks.

For more expert insights and the latest market updates, viewers can watch the full episode of Yahoo Finance Live.

Sophia Reynolds

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