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RISE - Cumberland Advisors Market Commentary: What Does 'Data-Dependent' Mean?
ETF Managers Sit Rising Rate ETF
By Robert Eisenbeis, Ph.D.
Markets and pundits were hyperventilating this past week over the prospect that the FOMC might cut the Fed Funds rate at its June or perhaps at its July meeting, driven by concerns that the economy might be slowing, as reflected in the disappointing employment report and the prospects for the imposition of import tariffs on Mexican goods. This view was fueled by statements by Chairman Powell and other FOMC participants that they stood ready to respond should there be negative fallout from the trade disputes.[1] The positive stock market reaction