Eric Schimpf predicts two more rate cuts by end of year | Fox Business Video
Eric Schimpf, President and co-head of Merrill Wealth Management, forecasts that there will be two further interest rate cuts by the end of this year. This prediction likely reflects his analysis of current economic indicators, such as jobless claims, and overall market conditions.
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If Schimpf's prediction comes true, the reduction in interest rates could stimulate economic growth and support stock market performance. A lower interest rate typically makes borrowing cheaper, potentially boosting consumer spending and business investments.
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