Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “Datatrek Research co-founder Nick Colas says Powell may be able to avoid a sharp decline in stocks simply by signaling that the Fed will ’embark on a steady diet of rate cuts through the rest of 2019,’ he said.
‘Markets have become very specifically convinced of a certain pathway, which is one 25-basis-point cut at every meeting paradigm,’ Colas said. ‘And Powell doesn’t have to say ‘yes, we will cut at every meeting by 25 basis points,’ do a mic drop and walk off. But he does have to indicate that he is amenable to a series of cuts’.”….
Read the full article here on Yahoo Finance!