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Podcast: Money Life with Chuck Jaffe
Episode: Baird's Fitterer: Take the Fed at its word, don't expect cuts
Description: Lyle Fitterer, senior portfolio manager at Baird, says investors should not jump the gun expecting rate cuts just because the Federal Reserve has paused its hiking cycle and some pundits think the next move could be down. Fitterer thinks the Fed will at least keep rates higher for longer, possibly hiking some more later this year, with the economy likely to slow down into a soft landing or mild recession. Greg McBride, chief financial analyst at BankRate.com discussed the site's recent survey showing that a majority of Americans are uncomfortable with their level of emergency savings, with fewer t...