Former Federal Reserve Bank of Atlanta President Dennis Lockhart discussed the possibility of a rate cut by the Fed, weighing whether it could be 25 or 50 basis points. He highlighted the labor market's current state and the influence of tariffs on the Fed's decision-making process.
Positive
If the Federal Reserve opts for a more aggressive rate cut of 50 basis points, it may stimulate economic activity and boost investor confidence. Conversely, a smaller cut of 25 basis points might indicate caution, which could dampen market enthusiasm. However, the prevailing opinion in the market appears to favor at least some rate cut, which generally tends to support equity markets, particularly sectors sensitive to interest rates.
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.