Danielle DiMartino Booth, CEO and chief strategist at QI Research, recently discussed the state of the US economy and the Federal Reserve’s approach to interest rates with Investing News Network. Here are some key insights from her interview:
- Fed Chair Jerome Powell remains committed to a patient approach despite inflation nearing the Fed’s 2 percent target. DiMartino Booth emphasized the importance of understanding Powell’s flexibility rather than fixating on every word he says about the economy.
- According to DiMartino Booth, the Fed is likely to cut rates by another 25 basis points at the upcoming December meeting.
- In the current investment landscape, DiMartino Booth recommended a defensive strategy, focusing on companies with defensive characteristics, strong cash flows, and stable dividends to provide protection in volatile market conditions.
- She noted a trend of investors moving towards cash despite the Fed’s rate cuts, indicating a desire to reduce risk exposure, even at the cost of lower interest returns.
DiMartino Booth’s insights shed light on a cautious yet strategic approach to navigating the evolving economic landscape. For more of her thoughts on the Fed, Powell, and the US economy, watch the full interview above. Stay updated by following @INN_Resource for real-time updates.
Remember, the opinions expressed in interviews do not constitute investment advice. It’s essential for all readers to conduct their own due diligence and research before making any investment decisions.
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