
"Final Chapter Has Not Been Written" on September Rate Cut
Schwab Network · Schwab Network
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Show Notes
Jim Bianco argues that Jerome Powell's Jackson Hole speech last Friday was the same, made for the same reasons, calling for the same outcome. He believes the last time Powell took the podium, labor wasn't showing much weakness, though Jim says that may have changed this time. However, fast-changing economic data can swiftly shift the Fed's dovish commentary away from a September rate cut. Jim doesn't see interest rates affecting the tech space but will impact many other corners of the market.
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