What to expect from the Fed moving forward

Chris Versace joins TheStreet to discuss what action the Fed might take moving forward.

Transcript

00:00With the Fed delivering no policy action, as the market widely expected,

00:05we now have to once again look forward and ask ourselves,

00:08what could the Fed do or not do in the coming months

00:13as it relates to further interest rate cuts?

00:16Now, the market has been expecting multiple rate cuts this year,

00:19but depending on the economic data that we get,

00:22whether it's about the speed of the economy, the rate of job creation,

00:27or inflation continuing to move in the wrong direction,

00:30the market may have to once again readjust its expectations for rate cuts.

00:36And to the extent that there's fewer rate cuts, well, that could upset the market.

00:40But any potential disruption we see, if you're prepared, could be an opportunity.

00:46You know, depending on the timing of the economic data,

00:49what we see about the speed of the economy,

00:51could we see a rate cut later this year?

00:54I think we could, but we've got a long way to go and a lot more data to get there.