Hold Off on Hopes of More Fed Cuts Later: Peter Boockvar

Kitco NEWS, Released on 7/29/19

The Federal Reserve is expected to cut rates for the first time since 2008 at this week’s meeting but is likely to pause the rate cut cycle after that, this according to Peter Boockvar, CIO of Bleakley Advisory Group.

“It’s usually not just one cut, it’s usually the beginning of a rate cutting cycle, and they’re hoping for more, but I don’t think the Fed is initially going to give the market any tilt in that direction just yet,” Boockvar told Kitco News.

Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.

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