Markets "Unwavered:" Investors Shrug Off CPI, Rate Cut Discussion Heats Up
Schwab Network · Schwab Network
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Show Notes
Stocks continue to rocket past any economic concerns and tap new all-time highs. Kevin Hincks notes Tuesday's CPI as being weaker under the surface, though investors didn't seem to care. He adds that the FOMC will start considering the possibility of a 50bps rate cut in September. On stock movers, Kevin talks about Cava Group (CAVA) and its 20% sell-off. With growth trending down, he says its no surprise the growth company took such a hit.
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