Wall Street is trying to make sense of a flurry of changing headline data this week. Investors are beginning to price in the September interest rate cuts that Federal Reserve Chairman Jerome Powell hinted at in his Jackson Hole speech last week, but the market (^DJI, ^IXIC, ^GSPC) is focused on Nvidia’s (NVDA) second quarter results, scheduled for release on Wednesday, August 28th.
Morning Brief hosts Shauna Smith and Madison Mills join State Street senior global macro strategist Marvin Lo to discuss the Fed’s latest rate-cutting messaging ahead of the central bank’s September policy meeting.
“The message that certainly came across was… they [Fed officials] “They’re ready to cut. They want to maintain the economy as it is,” Lo told Yahoo Finance. “And while there may be differences in views on how aggressively they need to cut and what would encourage them to cut more aggressively, they’re going to cut.”
You can watch Federal Reserve Chairman Jerome Powell’s full speech here.
For more expert insights and the latest market trends, click here to listen to this entire episode of Morning Brief.
This post was written by Luke Carberry Morgan