The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t in the cards with inflation remaining above the central bank’s target, according to Elaine Stokes at Loomis Sayles.
“We believe that the Fed is going to be a little slower to react in cutting rates,” Stokes, a senior portfolio manager at the nearly century-old investment firm, said on the What Goes Up podcast. “The market’s a little bit ahead of itself here.”
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