September rate cut is 'in the bag': Strategist talks Fed

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Lafayette College News

Federal Reserve,Krishna Memani,Market Outlooks

Equity markets (^DJI, ^IXIC, ^GSPC) are trading mixed as investors digest the cooler-than-expected June Consumer Price Index (CPI) report. Lafayette College ...

Lafayette College chief investment officer Krishna Memani joins Catalysts to discuss market outlooks and Federal Reserve expectations on the heels of this print.

My expectation was that they probably won't tee up September, but I think given today's report, it's quite likely that they tee up September.I think after the meeting they can bring in all sorts of people throughout the next few months to kind of job on the market into that position.

This is going to start like a politics question, but I promise it's a Fed question because there is so much political volatility right now. But I think in the scheme of things they have done things in the past in these types of situations, and I think for us to expect that they would do something else when the economy is slowing down the way they expected it to and they have kind of laid out the path for us already.

 

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