Markets Are Rallying Because the Fed Is Not Cutting, Says Charles Schwab Exec – Here’s Why

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The chief investment strategist at Charles Schwab believes that a restrained Fed is one of the key reasons why markets are bullish. In an interview on the Excess Returns YouTube channel, Liz Ann Sonders says investors prefer a calm and steady Fed, even amid pressure from President Trump to cut rates, as inflation remains elevated. Sonders also notes that the Fed’s current pause is perfectly in line with its mandate of low inflation and maximum employment. “I think part of the reason why the mark...