Bank of America Moyinhan was on CNBC and said:
Trump is after the right thing which is laws, rules, regulations around its industryTheir economists believe there will be no recession.Believe the US economy will grow about 1 1/2% this yearThe Fed will not cut rates because inflation will take longer to get down. Fed will cut rates in 2026
The market is now pricing a 91% chance for a cut in September to 4.00% to 4.25% and a 58% chance for a cut in October, with the expectations 42 cuts by the end of the year.
This article was written by Greg Michalowski at investinglive.com.