Seaport Research Golub: Strong Jobs Report Bolsters Case for September Fed Rate Hike, Despite Trump's Call for Cuts
Jonathan Golub, managing director and chief U.S. equity strategist at Seaport Research Partners, stated that a stronger-than-expected U.S. jobs report reinforces the Federal Reserve's rationale for raising interest rates, despite calls for lower borrowing costs from former U.S. President Donald Trump. Golub also noted his greater concern about long-term bond yields, as massive AI investments and government borrowing are competing for capital.
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