Federal Reserve Chair Jerome Powell has Wall Street abuzz, stating that"the time has come" for the Fed to start cutting rates. Some believe thatSerpa Pinto Advisory Founder Jon Hilsenrath joins Asking For A Trend to discuss Chair Powell's comments and what they mean for the broader market.
Um How would you sort of place this Powell speech compared to some of the ones we've heard from him over the past few years? And I think there's a really important point here for investors to consider, you know, over the last 23 years, a lot of the volatility in markets has happened on inflation days when CP I reports have come out or when P ce personal consumption expenditure reports have come out because those reports have really dictated uh how the fed was gonna respond and what it was gonna do with interest rates.
But earlier in this week, the market was pricing in a full percentage point of interest rate cuts through the end of the year now.They would have to do at least a half a point at one meeting in order because there, there's only three left in order to get to a full percentage points or cuts by the end of the year.Unless again, unless the job market it's coming week.
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