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RUT Rally Relying on FOMC Rate Cuts, Powell Not "Wanting to Go Against Markets"
Manage episode 500067413 series 3645668
The RUT has rallied more than 4% over the last two trading session, which Charles Schwab's Joe Mazzola attributes to expectations of higher-than-expected rate cuts. With investors pricing in a September cut, Joe talks about the possibilities for the Fed's future rate cutting cycle. Joe adds that recent inflation and jobs data will signal Fed chair Jerome Powell to act. He urges investors to pay attention to Thursday's PPI report.
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6991 episodes
Manage episode 500067413 series 3645668
The RUT has rallied more than 4% over the last two trading session, which Charles Schwab's Joe Mazzola attributes to expectations of higher-than-expected rate cuts. With investors pricing in a September cut, Joe talks about the possibilities for the Fed's future rate cutting cycle. Joe adds that recent inflation and jobs data will signal Fed chair Jerome Powell to act. He urges investors to pay attention to Thursday's PPI report.
======== 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
6991 episodes
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