According to ChainCatcher news, as reported by Jinshi, Jeffrey Rosenkranz, portfolio manager of Shelton Tactical Credit Fund under Shelton Capital Management, stated that last Friday's October jobs report helps to refute concerns that the Federal Reserve's aggressive rate cuts in September may have been premature.
That is to say, according to data from the Chicago Mercantile Exchange, he does not completely believe that there will definitely be two more 25 basis point rate cuts before the end of the year, even though rate futures traders have begun to anticipate such an outcome. While Powell will almost certainly be asked about the elections, or how the rise in U.S. Treasury yields will affect their thoughts, Rosenkranz expects Powell is likely to dissent.
