Citi Wealth chief investment strategist shares tips and predictions ahead of Fed rate cuts
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Jerome Powell, chairman of the US Federal Reserve, is expected to announce interest rate cuts after the FOMC meeting on September 18, 2024; Steven Wieting, chief investment strategist at Citi Wealth, predicts a 25 basis point cut is most likely, but a 50 basis point cut is possible; Wieting expects 200 basis points of cuts by mid-2025; he emphasizes that the Fed's decision won't change the market's long-term outlook; Wieting recommends investing in 'quality' stocks and dividend aristocrats for stability; he forecasts 9% year-over-year earnings growth for the S&P 500 in 2024; he believes the economy is not in a recession despite some sectors contracting; Wieting warns against timing the market and suggests maintaining a balanced portfolio.
#FederalReserve #InterestRates #InvestmentStrategy #CitiWealth #Economy #Stocks #Dividends #MarketPredictions #FinancialAdvice #EarningsGrowth
https://fortune.com/2024/09/17/citi-wealth-chief-investment-strategist-shares-predictions-ahead-of-fed-rate-cuts/
Fortune /
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2024-09-17 19:09:29
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npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-09-17 19:09:29Event JSON
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"content": "Citi Wealth chief investment strategist shares tips and predictions ahead of Fed rate cuts\n==========\n\nJerome Powell, chairman of the US Federal Reserve, is expected to announce interest rate cuts after the FOMC meeting on September 18, 2024; Steven Wieting, chief investment strategist at Citi Wealth, predicts a 25 basis point cut is most likely, but a 50 basis point cut is possible; Wieting expects 200 basis points of cuts by mid-2025; he emphasizes that the Fed's decision won't change the market's long-term outlook; Wieting recommends investing in 'quality' stocks and dividend aristocrats for stability; he forecasts 9% year-over-year earnings growth for the S\u0026P 500 in 2024; he believes the economy is not in a recession despite some sectors contracting; Wieting warns against timing the market and suggests maintaining a balanced portfolio.\n\n#FederalReserve #InterestRates #InvestmentStrategy #CitiWealth #Economy #Stocks #Dividends #MarketPredictions #FinancialAdvice #EarningsGrowth\n\nhttps://fortune.com/2024/09/17/citi-wealth-chief-investment-strategist-shares-predictions-ahead-of-fed-rate-cuts/",
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