Portfolio Manager Jeffrey Rosenkranz Speaks with MarketWatch
Portfolio Manager Jeffrey Rosenkranz recently spoke with reporters at MarketWatch to discuss the implications of the October Jobs report and the Fed’s potential plan of action with the looming presidential election.
“Friday’s October jobs report has helped rebut concerns that the Fed may have acted prematurely by cutting rates so aggressively in September,” Rosenkranz said. That said, he isn’t 100% sold on the notion that two more 25 basis-point cuts are guaranteed before the end of the year, even as traders of interest-rate futures have come to expect such an outcome, according to CME Group data.
“Powell and company have been very consistent about being data dependent, and there is a lot more data between now and December,” Rosenkranz also added during an interview with MarketWatch.
MarketWatch Article: Harris and Trump command the market’s attention — but Jerome Powell may steal the spotlight
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