Shannon Saccoci, Chief Investment Officer at Neuberger Berman, highlighted in a memo that the Federal Reserve's easing bias is crucial for economic recovery, regardless of a rate cut decision this week. She noted that while market expectations for a 25-basis-point cut on December 10 have varied, the Fed's overall accommodative stance is beneficial for the economy and risk assets. Saccoci anticipates that interest rates will eventually decline, with a more accommodative federal funds rate expected in the latter half of next year, supporting economic growth and risk markets.
Fed's Easing Stance Expected to Boost U.S. Economy, Says Neuberger Berman CIO
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