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Smith: Fed 'Making a Mistake' with October Rate Cut

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Manage episode 516335450 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.

Dean Smith believes the Fed has already telegraphed a 25bps rate cut for its October meeting. However, he thinks the central bank is making a mistake. Dean dives into the latest non-farm payrolls data and examines the slowdown in jobs growth as a reason why the Fed's rate cut won't "do anything" to bring those workers back. In terms of the Fed's dual mandate, he stresses that the focus should remain on inflation and not the labor market. Dean says hedging exposure and reducing duration might be a good strategy to employ, looking at FolioBeyond's RISR ETF as one way to approach the current market landscape.

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8501 episodes

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Manage episode 516335450 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.

Dean Smith believes the Fed has already telegraphed a 25bps rate cut for its October meeting. However, he thinks the central bank is making a mistake. Dean dives into the latest non-farm payrolls data and examines the slowdown in jobs growth as a reason why the Fed's rate cut won't "do anything" to bring those workers back. In terms of the Fed's dual mandate, he stresses that the focus should remain on inflation and not the labor market. Dean says hedging exposure and reducing duration might be a good strategy to employ, looking at FolioBeyond's RISR ETF as one way to approach the current market landscape.

======== 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

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