Fed may not cut rates until Q4, portfolio manager says
The market (^DJI, ^GSPC, ^IXIC) has scaled back expectations for Federal Reserve interest rate cuts this year, now pricing in just 50 basis points by the end of this year. Brian Mulberry, client portfolio manager at Zacks Investment Management, joins Wealth to explain why he sees only one or two interest rate cuts this year. To watch more expert insights and analysis on the latest market action, check out more Wealth here.