In this commentary we discuss the Fed’s hawkish rate cut that pushed both bond and equity markets lower. Our 2025 outlook predictions could be coming to fruition early as the Fed is less of a friend than previously thought. The Fed doesn’t need to cut rates with a moderating economy, strong labor market and inflation higher than 2%. With high valuations, more volatility can be expected.
Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.