Watch jobs data, especially revisions, for Fed cut: Strategist

Wall Street faces a busy week with Big Tech earnings and a jobs report on the horizon. George Catrambone, DWS Group head of fixed income and head of trading, joins Market Domination Overtime to discuss the implications for the Federal Reserve’s future monetary actions.

Catrambone observes that markets have shown a balancing out, noting “it’s almost a reacceleration versus a little bit of a recession.” This dynamic, he suggests, points to a potential Federal Reserve rate cut in September, saying, “for the most part, they’ve gotten to where they want to be” referring to the Fed, the economy, and markets. However, he acknowledges that “a bit more data” is needed to solidify the Fed’s position.

Regarding the impact of labor data on the Fed’s decision-making, Catrambone states, “They’re going to have to try to engineer this the right way so they don’t get offsides. And I think everyone’s staring, I’m staring, squarely at employment,” he told Yahoo Finance, emphasizing that labor markets need to get much more “into balance.”

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Angel Smith