Sandy Lincoln, chief market strategist for Wayne Hummer Asset Management, told CNBC’s “Squawk Box” that he believes the Fed won’t cut or raise interest rates until it has conclusive data plotting the course of the economy.
“The people who rushed to judgment that (Wednesday’s Federal Reserve statement) may open the door to a Fed cut may be premature,” he said Thursday. “I’m not sure the data in terms of the economy’s performance supports that claim.”
Doug Sandler, chief equity strategist for Wachovia Securities, said Wednesday’s Fed statement doesn’t change his investment strategy.
In this environment, he likes large-cap companies that offer international revenue and growth.