The U.S. Federal Reserve announced Wednesday that it will keep its benchmark interest rate unchanged at 5.25 to 5.50 per cent. Fed Chairman Jerome Powell has indicated a potential rate cut might come at the next policy meeting in September.
Stockhouse recently sat down with Albert Mason, a prominent financial advisor with Raymond James. Mason has also worked with industry giants such as Merrill Lynch and JP Morgan. His wealth of knowledge and expertise brings a fresh perspective to tailored financial strategies for his client’s portfolios.
Check out the video above to hear Mason break down what the Fed’s hold-steady-for-now approach means. Mason also talks about what analysts forecast for September and what strategies you should consider for your portfolio.
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