Analyst: The Fed staying put is the right move.

date
04/07/2025
The strong non-farm employment report has shattered the message conveyed by recent weak economic data. Jack McIntyre, portfolio manager at Brandywine Global Investment Management, said, "In the battle between hard data and soft data, hard data is the winner. This means that the Federal Reserve's decision to hold steady is the right one." McIntyre said that market changes are causing the yield curve to flatten, and popular steepening curve trades may continue to unwind.