Alexander Reed, CIO at Envisage Wealth, shares his thoughts on recent comments out of the Federal Reserve, the latest consumer spending numbers, and how rate cut anticipation is impacting his strategy for 2024.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.