Market Outlook - Today's Expected Rate Cut from the Fed Could Be the Last

Foreks - Louis Navellier, President and Founder of Navellier & Associates, stated that the anticipated Fed interest rate cut could be the last one, as the Fed does not prefer to fight against market interest rates. Bond investors have been predicting Donald Trump's victory for the past few weeks, and yields on 10-year Treasury bonds have continued to rise following the Presidential election. Navellier noted that bond yields have increased by over 80 basis points in recent weeks, saying, “My favorite economist Ed Yardeni is now calling for the Fed to pause, so Thursday's Federal Open Market Committee statement and Fed Chairman Jerome Powell's press conference will be closely scrutinized.”