SlateStone’s Chief Market Strategist, Kenny Polcari, joined Fox Business’s Varney & Co. to share his outlook on Fed policy heading into September.
Kenny expects a 25 basis point rate cut, more symbolic than impactful, while noting Chair Powell will avoid committing too strongly in advance. He emphasized that while July’s jobs report raised concerns, the broader labor market trend remains relatively solid with unemployment near historic lows.
Watch the full segment here: Varney & Co