Kiplinger | Any post-Fed market volatility is a “buying opportunity,” says Main Street Research’s CIO
Any post-Fed market volatility is a “buying opportunity,” says Main Street Research’s CIO
The June Fed meeting is the most important in recent memory, says James Demmert, chief investment officer, Main Street Research. “Investors will now have to get used to the new Fed Chair’s communication style, which is an adjustment period for markets.”
Demmert doesn’t expect the FOMC to make any changes to the federal funds rate this time around, but considering lower oil prices could spur economic activity, he thinks Chair Warsh could “mention accelerating economic growth and the potential for higher rates going forward, even with the political pressure he is facing to cut rates.”
The CIO adds that any Fed-induced market volatility represents “a buying opportunity” for investors as he believes “market fundamentals remain in place.”
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