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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 01/Sep 13:19

Is Wall Street poised for new highs in September?

When the Federal Reserve cuts interest rates at its September meeting, as is now widely expected, Wall Street could hit fresh highs, predicts the CEO of a leading independent financial advisory and asset management organisation. The bullish prediction from Nigel Green of deVere Group comes as the July PCE, the Fed’s preferred inflation gauge, showed a sustainable trend of disinflation. “There’s really no way that the Fed isn’t going to cut rates in September. The question now is – how aggressively will they move?” asked Green, with his firm pushing for a supersized 50-basis point cut next month. “With rates

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