Scott Bauer, chief executive officer at Prosper Trading Academy, joins BNN Bloomberg to discuss his outlook on the markets.
The words “Federal Reserve” were on track to be mentioned about 380 times on second-quarter calls with analysts, according to a Bloomberg analysis of transcripts of S&P 500 and Stoxx 600 companies. That would be the highest tally ever in the database’s records going back to 2001, if the current pace holds.
In a statement on Wednesday, Fed Chair Jerome Powell signaled central bank officials are on course to cut interest rates in September unless inflation progress stalls, citing risks of further labour-market weakening. Policymakers held the federal funds rate in a range of 5.25 to 5.5 per cent, a level they have maintained since last July.
“To the degree that the Fed actually cuts interest rates in the coming months, that will provide a powerful tailwind, both financially and psychologically, as we enter 2025,” Ryan Marshall, PulteGroup’s chief executive officer, said on the call with analysts.
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