As markets weigh economic data to gauge whether the Federal Reserve will proceed with rate cuts in 2024, Envestnet PMC Co-CIO Dana D'Auria joins Yahoo Finance Live to share why she believes rate cuts may not materialize this year. D'Auria notes that markets are grappling with "the fact that there's probably not going to be a rate cut as quickly as they hoped." She points out that the initial expectations of six rate cuts at the beginning of the year "didn't really make sense" given the market conditions at the time. D'Auria emphasizes that little has changed in the current market landscape, which she says has "plateaued." With no compelling data to support a rate cut, D'Auria questions, "why would the Fed be cutting rates anytime soon?" Addressing the potential implications of a no-rate-cut scenario, D'Auria explains that growth stocks and small-cap stocks could be impacted. However, she acknowledges that "markets price things in very fast," suggesting that small-caps could potentially perform well, although only time will tell. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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