What a rate cut could do for the market's record highs
The core Personal Consumption Expenditures (PCE) index rose 0.1% in May from April, which was in line with expectations and slower than April's 0.3% increase. The index is often referred to as the Federal Reserve's preferred measure of inflation. With numbers pointing toward cooler inflation, the possibility of a rate cut before the year's end may be back on the table.
State Street managing director Marvin Loh joins Morning Brief to give insight into the latest inflation data and its implications for Federal Reserve policy moving forward.
When asked if rate cuts could still support all-time highs in the stock market, Loh says, "I think it is supportive. I think keeping the Fed in the story from a rate-cutting perspective is powerful. You know, we're coming into earnings season. Those numbers look pretty solid, and really looking at growth expectations around earnings for 2024 as a full year and 2025. It still shows that there's strength within the corporate earnings space."
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Пікірлер: 10
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
@Manselus-uy3kz
28 күн бұрын
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@TaniaLato-ky4wo
28 күн бұрын
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@Manselus-uy3kz
28 күн бұрын
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@TaniaLato-ky4wo
28 күн бұрын
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This is weird why is the market up it has no relation to the average American the market is up do to price gouging
when they start cutting the market will crash
@ryann8348
28 күн бұрын
That depends on why they cut. Sudden, drastic cuts are bad. Gradual cuts are good
Its weird how America is about to elect a convicted criminal in a time of financial and macro uncertainty