Will the Fed Really Cut Rates 5 Times Next Year?

Plus, Top stock gainers and losers of 2023, undervalued wide-moat consumer cyclical stocks. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_smartinvestor&utm_content=47796&elqTrackId=8c33d89034cb403586b27fc7760c8014&elq=fa06d1038e9b4c01910b044dddf8cbbe&elqaid=47796&elqat=1&elqCampaignId=23589) [Smart Investor] Smart Investor [Lauren Solberg, markets editor]( Connect with Lauren on [LinkedIn]( [Lauren Solberg] In this newsletter: - [Will the Fed Really Cut Rates 5 Times Next Year?]( - [August Jobs Report: Fed Likely to Pause Rate Hikes As Hiring Frenzy Cools]( - [Why We Expect the Job Market to Slow in 2024]( - [After Earnings, is Salesforce Stock a Buy, a Sell, or Fairly Valued?]( - [Top Stock Gainers and Losers of August 2023]( A week after Jackson Hole, it's all eyes on the jobs report this week, which came in strong but [revealed]( more signs of cooling. The key question is, how many times will the Fed really cut interest rates next year? Our markets reporter Sarah Hansen reviews [what economists are thinking](. For now, any Fed rate cuts still look far off on the horizon. But Morningstar’s chief economist Preston Caldwell has [the forecasts]( on why we expect the job market to slow in 2024. And while prices are [still running hot]( investors want to know which retirement option wins in an inflationary environment: Pension or 401(k)? Our long-time columnist John Rekenthaler [answers]( their questions. In big stock news, cloud-based software platform Salesforce reported earnings this past week, and our senior tech analyst Dan Romanoff [reviews]( the results. With August over, Caryl Anne Francia [reports]( on the month’s big stock gainers and losers. Speaking of losers, since the income corner of the market has largely [missed out]( on the year’s rally, Dave Sekera and Susan Dziubinski [look]( at three high-dividend stocks to avoid. Our weekly stock screen looked for [undervalued wide-moat consumer cyclical stocks]( with names including Etsy and Nike. On the funds side, we [screened]( for top-performing large-cap value ETFs–offerings from Vanguard, Schwab, and Fidelity made our list. Next week, events [include]( the release of the Federal Reserve’s Consumer Credit report for July, as well as earnings releases from cybersecurity firm Zscaler and cloud-based e-signature leader DocuSign. As always, be sure to keep an eye on our [weekly markets calendar]( for key events coming up this week, as well as the [Markets page]( on Morningstar.com for all our market-related coverage. Did a friend forward this email? [Sign up here](. [Will the Fed Really Cut Rates 5 Times Next Year?]( [Will the Fed Really Cut Rates 5 Times Next Year?]( It all depends on the inflation data. Sarah Hansen, Caryl Anne Francia [Read More]( Share: [facebook]( [twitter]( [linkedin]( ADVERTISEMENT [media]( [media] Markets and the Economy [What’s Happening In the Markets This Week]( [What’s Happening In the Markets This Week]( The August jobs report, plus earnings from Broadcom, Salesforce, and Dollar General. Caryl Anne Francia [August Jobs Report: Fed Likely to Pause Rate Hikes As Hiring Frenzy Cools]( [August Jobs Report: Fed Likely to Pause Rate Hikes As Hiring Frenzy Cools]( While job growth is slowing, a continued solid pace means Fed rate cuts still off on the horizon. Lauren Solberg [Why We Expect the Job Market to Slow in 2024]( [Why We Expect the Job Market to Slow in 2024]( Our latest economic forecast for job growth, wage growth, and labor force participation. Preston Caldwell [4 Undervalued Wide-Moat Consumer Cyclical Stocks]( [4 Undervalued Wide-Moat Consumer Cyclical Stocks]( Big names including Etsy and Nike are trading at discounts. Jülide Sengil [Katie Nixon: Bringing a Blurry Market Into Focus]( [Katie Nixon: Bringing a Blurry Market Into Focus]( The Northern Trust CIO on the case for bonds, the Fed’s fight against inflation, housing affordability, and more. Christine Benz, Jeff Ptak [After Earnings, Is Marvell Technology Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Marvell Technology Stock a Buy, a Sell, or Fairly Valued?]( With profit margins and AI revenue growing, here’s what we think of the semiconductor manufacturer’s stock. William Kerwin [Grayscale’s Victory Over the SEC Doesn’t Mean a Spot Bitcoin ETF—for Now]( [Grayscale’s Victory Over the SEC Doesn’t Mean a Spot Bitcoin ETF—for Now]( D.C. Circuit Court of Appeals rules SEC must reconsider Grayscale’s spot Bitcoin ETF filing. Bryan Armour [The Harrowing Story of a Top Manager’s Biggest Investing Mistake]( [The Harrowing Story of a Top Manager’s Biggest Investing Mistake]( Oakmark’s David Herro waited years for Credit Suisse to deliver. It never did. Gregg Wolper [3 Great Aggressive Growth Funds]( [3 Great Aggressive Growth Funds]( To find a good one, start somewhere other than returns. Russel Kinnel [A Dividend Aristocrat To Buy That’s More Than 40% Undervalued]( [A Dividend Aristocrat To Buy That’s More Than 40% Undervalued]( This narrow-moat dividend-growth stock looks cheap to us. Seth Goldstein [Inverted Yield Curve Presents Opportunities for Short-Term Bond Funds]( [Inverted Yield Curve Presents Opportunities for Short-Term Bond Funds]( These bond funds can provide downside protection in periods of credit stress. Elizabeth Templeton [3 Investment Mistakes to Avoid]( [3 Investment Mistakes to Avoid]( Lessons from the Allianz and Evergrande scandals. John Rekenthaler [Top Stock Gainers and Losers of August 2023]( [Top Stock Gainers and Losers of August 2023]( Apellis, Arista Networks, and Eli Lilly stocks advance, while Insulet, SolarEdge Technologies, and Roblox stocks decline. Caryl Anne Francia Chart of the Week [When Will the Fed Start Cutting Interest Rates?]( [When Will the Fed Start Cutting Interest Rates?]( Our latest economic forecast for interest rates, inflation, and GDP growth. Preston Caldwell [Read More]( Share: [facebook]( [twitter]( [linkedin]( Popular This Week [How to Calibrate Your Target Savings Rate]( Rules of thumb are better than nothing, but smart investors customize their own savings targets. Christine Benz [Pension vs. 401(k): Which Retirement Option Wins in an Inflationary Environment?]( Measuring the effect of inflation on fixed incomes. John Rekenthaler [The 10 Best Companies To Invest in Now]( These undervalued stocks of high-quality companies are attractive investments today. Susan Dziubinski [How I Invest My Health Savings Account]( Making choices to harness HSAs’ prodigious tax benefits. Christine Benz [6 Top-Performing Large-Cap Value ETFs]( Fully invested funds with heavier allocations to the tech sector have beaten the rest of the category. Sadhika Thapa Listen Now Get the latest investing insights and market updates with [Morningstar’s podcasts]( available on your iPhone, iPad, Android, PC, or smart speaker. Stay connected: [twitter]( [facebook]( [linkedin]( [instagram]( [YouTube]( [Apple News]( [View online]( | [See all newsletters]( | [Share your feedback]( [Unsubscribe]( from this newsletter. Or update your [email preferences](. © 2023 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602