Fed will cut once before presidential election, says Howard Lutnick
Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.
Cantor Fitzgerald Chief Executive Officer Howard Lutnick expects the Federal Reserve to cut rates a single time this year, just ahead of the US presidential election.
“I’m thinking September, and it’s not really to move the economy — it’s to show off a little bit,” Lutnick said in an
Learn more about reprints and licensing for this article.