Wall Street analysts estimate the Fed could cut rates in September following April’s weaker-than-expected jobs report. CFRA Research Chief Investment Strategist Sam Stovall joins The Morning Brief to discuss rate cuts during an election year.
Stovall believes the Fed could cut rates twice this year, first in September and then again in December. He explains that every presidential election year since 1992 — except 2012 — saw a rate hike or cut take place, adding that this election year should be no exception. He expects the Fed to "let us know that they are apolitical and do what they think is right for the economy" during this upcoming election season.
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