Bloomberg Surveillance
The Impact of Rate Cuts on Markets & the 2024 Presidential Race
Sep 23, 2024
Stephan Stanley, Chief Economist at Santander, analyzes the implications of the latest FOMC meeting and questions if the Fed's rate cut was a mistake. John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., shares his insights on equities while forecasting the 2024 S&P target. They discuss the challenges of predicting inflation and the potential impact of the rate cut on consumer and business investment. The conversation also highlights the influence of upcoming elections on economic trends and investor sentiment.
31:12
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Quick takeaways
- The Federal Reserve's rate cuts are anticipated to influence business investments and lead to increased mergers and acquisitions ahead of the elections.
- Despite strong consumer spending driven by past income growth, a declining savings rate may signal an impending slowdown in economic growth.
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