Fed decision a 'wild card' for markets in second half of year

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Jim Smigiel,Federal Reserve,Interest Rates

As stock markets (^DJI,^IXIC,^GSPC) enter the second half of the year, investor focus has shifted to the Federal Reserve's stance on monetary policy. SEI...

) enter the second half of the year, investor focus has shifted to the Federal Reserve's stance on monetary policy. SEI chief investment officer Jim Smigiel offers his insights on the economic landscape.

"The one wild card here is what will the Fed do," Smigiel told Yahoo Finance. He believes a July rate cut is"off the table" and views a September rate cut as unlikely, given its proximity to the election.Focus still remains on the Fed and the path ahead for the second half of the year.So we had a Maybe some big picture.

And and outside of all that, we're really more interested in guidance than we are in kind of the earnings, Like how?What do what do they see the the economy on that kind of day to day basis?The bar is particularly high in in Mech.In addition to their track record of yielding solid returns in the long run, the strong fundamentals of these two Canadian Stocks make them attractive buy-and-hold forever stocks for TFSA investors.

 

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