Strategist: The next Federal Reserve chairperson is dovish, and the market is optimistic about the downward trend in interest rates
2025-11-26 07:08:59
Paul Nolte, market strategist at Murphy & Sylvest, said: "At the last Fed meeting, Powell was basically saying that the Fed would stay on the sidelines at the next meeting because of the lack of economic data. Then several Fed officials spoke and our attitude shifted from'not going to do anything in December 'to'we need to cut rates in December because we see significant weakness in the job market'." "We already know who the next Fed chair is likely to be and he's leaning towards the doves," Nolte added. "So I think the market feels very good about the downward trend in rates throughout 2026." (Golden Ten)
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