Following a 25 basis points rate cut and hawkish commentary from Fed Chair Jerome Powell, markets slipped for two days. Louis Navellier anticipates up to four Fed rate cuts in 2025 due to the potential for falling interest rates in the Eurozone and political instability in Europe. He views the recent market pullback as a possible buying opportunity.
Mohamed El-Erian highlights the growing intersection of politics and economics in France following Prime Minister Barnier’s ouster, contrasting the situation with the UK’s ‘Liz Truss moment’. Meanwhile, Greece’s economic resurgence showcases a stark contrast, raising concerns about France’s fiscal future and potential market impacts.
