Rate cut with stock market at all-time highs? It’s been done before
Investors are puzzling over the apparent paradox presented by the combination of stocks trading at or near all-time highs and a Federal Reserve that appears ready to deliver an imminent rate cut.
2) It has never cut rates w/ the Unemployment Rate below 4%. Lowest unemployment rate w/ a rate cut was 4.2% in Jan 2001. pic.twitter.com/wTN5euriBF “If the Fed actually does the cut in July this year, I think this will be the first insurance cut, if you will,” Schulze said, in an interview. “With growth having yet to deteriorate in any significant way — again, we look to be on the precipice of getting a 4% real consumer growth print for 2Q — we are no longer talking about a soft landing approach here, but rather supporting an above-potential economic backdrop,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets, in a note.
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