Jim Thorne, chief market strategist at Wellington-Altus Private Wealth, has stated that the Federal Reserve needs to implement aggressive rate cuts to prevent a recession. He emphasizes the importance of bringing inflation down to its neutral rate quickly.
Positive
If the Fed acts decisively to cut rates, it could lead to increased economic activity and spending, positively impacting growth sectors.
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In the short term, sectors sensitive to interest rates, such as real estate and utilities, may benefit from lower rates, leading to potential stock gains.
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.