Nicole Webb CFP®, Senior Vice President and financial advisor at Wealth Enhancement Group was quoted by CNN in “The Fed Probably Won’t Cut Rates Anytime Soon. Why That’s Good News for Markets."
That’s not to say that a Fed rate cut this year is completely out of the cards, says Nicole Webb, senior vice president at Wealth Enhancement Group. The Fed eventually will want to lower rates back down, but it likely won’t want to do it at the historical pace it’s raised them over the past year, she says.
“They can slowly pace us down to 2.5% without the inflation monster rearing its ugly head again,” Webb said. “And I do actually believe it’s possible.”
Access the full article authored by Krystal Hur here.
