Jim Grant, editor of Grant's Interest Rate Observer, discusses the challenges the Federal Reserve is facing following its recent 50 basis point rate cut. He emphasizes the Fed's lack of self-awareness regarding its policies and the potential impacts of its decisions on the market.
Negative
Investors may view this comment on the Fed's self-awareness as indicative of uncertainty in monetary policy, which could lead to volatility in markets. Sectors sensitive to interest rates, like financials and utilities, might be affected.
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.