使用Player FM应用程序离线!
First American's Fleming: Lower rates threaten to return the economy to 'normal'
Manage episode 440728373 series 2712770
Mark Fleming, chief economist at First American Financial Corp., says the big news on Wednesday was not that the Federal Reserve started a rate-cutting cycle, but that it appears that there could be additional, aggressive rate cuts that could take an additional 1.5 percentage points off rates over the next 15 months. That rate cutting, Fleming says, reduces the risk of a deep recession, and the strength of the labor market also limits the possibility of a big decline. As a result, a year from now he expects to see a "lower mortgage rate, lower cost-of-credit rate environment -- with a relatively healthy economy, if not running at trend -- and low inflation," which he says would be a return to "normal." Todd Rosenbluth, head of research at VettaFi, looks at a fund saddled with keywords -- the WisdomTree International Hedged Quality Dividend Growth Fund -- and tells us which of those traits are so important now that the fund deserves to be ETF of the Week. Plus, in the Market Call, Dave Sekera, chief U.S. market strategist at Morningstar, talks fair-value investing and gives his take on how stocks will respond to the rate-cut environment.
1644集单集
Manage episode 440728373 series 2712770
Mark Fleming, chief economist at First American Financial Corp., says the big news on Wednesday was not that the Federal Reserve started a rate-cutting cycle, but that it appears that there could be additional, aggressive rate cuts that could take an additional 1.5 percentage points off rates over the next 15 months. That rate cutting, Fleming says, reduces the risk of a deep recession, and the strength of the labor market also limits the possibility of a big decline. As a result, a year from now he expects to see a "lower mortgage rate, lower cost-of-credit rate environment -- with a relatively healthy economy, if not running at trend -- and low inflation," which he says would be a return to "normal." Todd Rosenbluth, head of research at VettaFi, looks at a fund saddled with keywords -- the WisdomTree International Hedged Quality Dividend Growth Fund -- and tells us which of those traits are so important now that the fund deserves to be ETF of the Week. Plus, in the Market Call, Dave Sekera, chief U.S. market strategist at Morningstar, talks fair-value investing and gives his take on how stocks will respond to the rate-cut environment.
1644集单集
Alle afleveringen
×欢迎使用Player FM
Player FM正在网上搜索高质量的播客,以便您现在享受。它是最好的播客应用程序,适用于安卓、iPhone和网络。注册以跨设备同步订阅。