Lee Munson, President and CIO of Portfolio Wealth Advisors, discusses the Federal Reserve's upcoming decision on interest rates, specifically anticipating a potential rate cut. He emphasizes that the central bank's messaging has consistently pointed towards an easing of monetary policy.
Positive
The anticipation of a rate cut typically signals a more accommodative monetary policy, which may positively affect sectors such as technology and consumer discretionary as borrowing costs decrease. This could lead to increased consumer spending and investments by businesses, potentially boosting the stock market overall.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
Oct 11, 2024, 12:25 PM
JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.