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Podcast: Money Life with Chuck Jaffe
Episode: CS McKee's Allen expects 4 Fed cuts and 'marginally positive' stock market
Description: Brian Allen, chief investment officer at CS McKee, says "The market has done a lot of the easing work to launch the easing campaign in 2024," meaning that the Federal Reserve will not feel much pressure to cut rates more than four times this year. He says there's no pressure for more due to the bond market rallying over the last few months while the stock market was moving to all-time highs; that also raised valuations to where investors should lower their return expectations for both stocks and bonds this year. Also on the show, Jenny Naughton, executive vice president f...