Fed certainly seems ‘ready to cut’ rates, strategist says
August 26, 2024
Wall Street is attempting to make sense of the whirlwind of headline data this week. While investors are beginning to price in the extent of the Federal Reserve's September interest rate cuts signaled by Chair Jerome Powell in his Jackson Hole speech last week, markets (^DJI, ^IXIC, ^GSPC) are looking ahead to Nvidia's (NVDA) second quarter earnings due out Wednesday, August 28. Morning Brief hosts Seana Smith and Madison Mills welcome on State Street Senior Global Macro Strategist Marvin Loh to talk about the Fed's latest rate cut messaging ahead of the central bank's September policy meeting. "Certainly the one message that came through... is that they're [Fed officials] ready to cut. They want to preserve the economy as it exists now," Loh tells Yahoo Finance. "And the views in terms of how aggressively they need to cut the views, in terms of what's going to drive more aggressive cuts might vary, but they're going to cut." Watch Federal Reserve Chair Jerome Powell's full speech here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Read More...
Wall Street is attempting to make sense of the whirlwind of headline data this week. While investors are beginning to price in the extent of the Federal Reserve’s September interest rate cuts signaled by Chair Jerome Powell in his Jackson Hole speech last week, markets (^DJI, ^IXIC, ^GSPC) are looking ahead to Nvidia’s (NVDA) second quarter earnings due out Wednesday, August 28.
Morning Brief hosts Seana Smith and Madison Mills welcome on State Street Senior Global Macro Strategist Marvin Loh to talk about the Fed’s latest rate cut messaging ahead of the central bank’s September policy meeting.
“Certainly the one message that came through… is that they’re [Fed officials] ready to cut. They want to preserve the economy as it exists now,” Loh tells Yahoo Finance. “And the views in terms of how aggressively they need to cut the views, in terms of what’s going to drive more aggressive cuts might vary, but they’re going to cut.”
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