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Powell's Speech Not "Dovish" as Markets Think, Friday's PCE Will Prove Critical

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Manage episode 502435189 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

"Inflation is still here, inflation is still sticky," says Charles Schwab's Collin Martin. He makes the case that the markets put too much focus on the jobs portion of Jerome Powell's Jackson Hole speech, which investors interpreted as bullish for an interest rate cut in September. He adds that Friday's core PCE report can completely flip the Fed's script. Liz Ann Sonders adds to that point, telling investors to look beyond September. She believes Wall Street needs to focus on the long-term impacts of interest rate cuts and what they mean for the economy's health.

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6964 episodes

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Manage episode 502435189 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

"Inflation is still here, inflation is still sticky," says Charles Schwab's Collin Martin. He makes the case that the markets put too much focus on the jobs portion of Jerome Powell's Jackson Hole speech, which investors interpreted as bullish for an interest rate cut in September. He adds that Friday's core PCE report can completely flip the Fed's script. Liz Ann Sonders adds to that point, telling investors to look beyond September. She believes Wall Street needs to focus on the long-term impacts of interest rate cuts and what they mean for the economy's health.

======== 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

  continue reading

6964 episodes

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