Rate cuts: Strategist talks market risks with and without Fed cutting rates

Federal Reserve officials are still trying to make up their minds on the trajectory of interest rate cuts this year while wringing out more prominent inflation elements from the economy.
Interactive Brokers Chief Strategist Steve Sosnick joins Market Domination in-studio to weigh on the Fed’s dual mandate ahead of Friday’s March jobs report, naming the credit market and banking systems as the silent “third leg” of the dual mandate.
“We’ll find out tomorrow whether the job market is healthy. It’s important to keep the dual mandate in mind… stable prices [are] closer, but not there yet. [Fed Chair Jerome] Powell is, among them, acknowledging that,” Sosnick tells Yahoo Finance. “Full employment, we’re still pretty much there. Yes, we took up to 3.9% on the unemployment. Tomorrow, we’re expecting a 3.8% tick, but anything that starts with a three pretty much sounds like full employment.”
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