Brian Jacobson, the chief economist at Annex Wealth Management, discussed the current pressure on the Federal Reserve to lower interest rates. He emphasized that this pressure is justified, considering the economic conditions and the influence of factors such as immigration on the U.S. economy.
Positive
Lower interest rates typically stimulate economic growth as they make borrowing cheaper. This can lead to increased consumer spending and business investment, potentially benefiting corporations and the stock market overall. Investors might want to consider stocks in sectors like technology and consumer discretionary, which generally perform well in a low-rate environment.
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.