Shah Gilani discusses the strong market belief that the Federal Reserve will implement a 50 basis point rate cut soon. He warns that if the Fed fails to meet these expectations, it could lead to a market sell-off, reflecting investor anxiety about economic conditions and monetary policy.
Positive
Given the current anticipation of a Fed rate cut, financial sector stocks, particularly those of banks and financial institutions, could benefit positively if the cut occurs as expected. Conversely, if the rate cut does not happen, stocks in this sector may face negative pressure as market expectations are not met.
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
Oct 11, 2024, 10:21 AM
JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.
Andersen Capital Management CIO Peter Andersen joins 'Mornings with Maria' to discuss big bank earnings and weighs in on the Federal Reserve's handling of rate cuts.