DLBS - Do We Really Need Lower Rates?

By Joseph V. Amato, President and Chief Investment Officer - Equities

They may discourage the fiscal reform and corporate investment that the economy needs.

Who doesn't love a good stock market rally? We certainly do, but the key question we are asking ourselves is whether lower interest rates are really what this global economy needs.

Three weeks ago, markets signaled their approval for the "Powell Put." Last week, both the Federal Reserve and Mario Draghi of the European Central Bank (ECB) doubled down on that dovishness.

The Fed's "dot plot" of projected interest

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