What to expect from the Fed moving forward
Interest rates were kept unchanged at its March meeting.
Chris Versace, portfolio manager of TheStreet Pro breaks down what to expect next from the Federal Reserve.
Related: 7 takeaways from Fed Chairman Jerome Powell's remarks
Transcript:
Chris Versace: With the Fed delivering no policy action as the market widely expected, we now have to once again look forward and ask ourselves "what could the Fed do or not do in the coming months as it relates to further interest rate cuts?" Now, the market has been expecting multiple rate cuts this year, but depending on the economic data that we get, whether it's about the speed of the economy, the rate of job creation or inflation continuing to move in the wrong direction, the market may have to once again readjust its expectations for rate cuts. And to the extent that there's fewer rate cuts, well, that could upset the market. But any potential disruption we see if you're prepared could be an opportunity.
You know, depending on the timing of the economic data, what we see about the speed of the economy, could we see a rate cut later this year? I think we could, but we've got a long way to go and a lot more data to get there.
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