RUT Rally Relying on FOMC Rate Cuts, Powell Not "Wanting to Go Against Markets"
Schwab Network · Schwab Network
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Show Notes
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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