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Looking for Rate Cut Clues from Powell's Speech
Manage episode 501762977 series 3645668
Ahead of Jerome Powell's Jackson Hole speech, David Busch calls today a "pivotal day" for investors. While he doesn't believe Powell will come out and say a rate cut is needed, David believes Powell will stick to a data-dependence when determining rate cuts and will be closely listening for any clues for future rate cut plans. He says the focus for investors should be on maintaining a balance in their portfolios, seeking dividend-payers with a some intermediate-term fixed income as well.
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7027 episodes
Manage episode 501762977 series 3645668
Ahead of Jerome Powell's Jackson Hole speech, David Busch calls today a "pivotal day" for investors. While he doesn't believe Powell will come out and say a rate cut is needed, David believes Powell will stick to a data-dependence when determining rate cuts and will be closely listening for any clues for future rate cut plans. He says the focus for investors should be on maintaining a balance in their portfolios, seeking dividend-payers with a some intermediate-term fixed income as well.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
7027 episodes
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