Yahoo Finance published this video item, entitled “How potential Fed rate cuts and markets could be impacted by a strong labor market” – below is their description.
December’s jobs report added another piece to the inflation puzzle for the Federal Reserve. With many moving parts, including 2023’s job growth, it’s becoming harder for Wall Street to truly know how the Fed will decide its next monetary policy move.
PNC Asset Management Chief Investment Strategist Marc Dizard joins Yahoo Finance to give investors insight into managing a portfolio during times of uncertainty and how the timing of the Fed’s interest rate decision may be just as important as the move itself.
“We’re running, I’ll say a slightly defensive playbook. So when I think of how to allocate portfolios right now, this isn’t the moment in time that we’re thinking that cash is a huge investment,” Dizard explains. “We want to remain fully invested but, we do like diversified portfolios. With the uncertainties — whether it be the Fed, inflation, labor, US consumer, when rate cuts and why rate cuts are going to happen — when we look at that mix of uncertain data, right now it just doesn’t seem like asymmetric risks are the ones that are going to pay off.”
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