Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

2019-7-7 19:19

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble.

That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50 […]

The post Stock Market Bulls Made a Fool’s Gamble on Rate Cuts appeared first on CCN Markets

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Источник: ccn.com

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