Fed showing it can pull balancing act with rates: Michael Preiss, Taurus Wealth
  • WebDesk BTVI
  • Aug 01 2019

Michael Preiss, ED at Taurus Wealth, says the US Federal Reserve’s rate cut move was a step to ensure a break of narrative in the market with a mid-cycle adjustment. He says the rate cut is not just an indicator of the situation in US market, but an indicator of global growth, and claims that while the US economy is strong, the issue is more of Europe and other parts of the world. He says the Fed wants to make a statement that it can do the balancing act with rates.