Financial Mirror on Nostr: US jobs report signals one rate cut this year - Financial Mirror ========== The CEO ...
US jobs report signals one rate cut this year - Financial Mirror
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The CEO of deVere Group predicts that there will be just one US interest rate cut by the Federal Reserve this year, following the release of the jobs report for March. The report showed that US employers added 303,000 jobs in March and the unemployment rate fell to 3.8%. Nigel Green of deVere Group expects a maximum of one rate cut in the third quarter, followed by a pause to reassess the impact on the economy. He advises investors to consider reallocating their portfolios to sectors that typically perform well in a rising interest rate environment, such as financials, industrials, and materials. Sectors sensitive to interest rates, such as utilities, real estate, and consumer staples, may face challenges in a higher-for-longer interest rate environment. Diversification and shorter-duration bonds are also recommended to mitigate the impact of interest rate fluctuations.
#UsInterestRate #JobsReport #FederalReserve #Economy #Investing
https://www.financialmirror.com/2024/04/06/us-jobs-report-signals-one-rate-cut-this-year/
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The CEO of deVere Group predicts that there will be just one US interest rate cut by the Federal Reserve this year, following the release of the jobs report for March. The report showed that US employers added 303,000 jobs in March and the unemployment rate fell to 3.8%. Nigel Green of deVere Group expects a maximum of one rate cut in the third quarter, followed by a pause to reassess the impact on the economy. He advises investors to consider reallocating their portfolios to sectors that typically perform well in a rising interest rate environment, such as financials, industrials, and materials. Sectors sensitive to interest rates, such as utilities, real estate, and consumer staples, may face challenges in a higher-for-longer interest rate environment. Diversification and shorter-duration bonds are also recommended to mitigate the impact of interest rate fluctuations.
#UsInterestRate #JobsReport #FederalReserve #Economy #Investing
https://www.financialmirror.com/2024/04/06/us-jobs-report-signals-one-rate-cut-this-year/