Most traders expect the Federal Reserve to front-load easing with a big initial rate cut this week.
However, JPMorgan strategist Oksana Aronov says a rate cut "is not necessarily even warranted."
AdvertisementThis week, the Federal Reserve is expected to decide on the size of its highly-anticipated rate cut.
Yet, one strategist says a rate cut isn't necessary at all given the relative strength of the economy.
"I'd say that a cut is not necessarily even warranted, given that we're not really seeing a broad-based weakening outside of a more reasonable labor market," JPMorgan strategist Oksana Aronov said.
Persons:
Oksana Aronov, —
Organizations:
Federal Reserve, Service, Business