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RATE CUTS AHEAD as Jobs Evaporate: Stocks and Gold Fly... but the Inflation Problem Remains

Posted

August 23, 2024

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Trish Regan and Rob Hordon of investment research firm 76research discuss the anticipated pivot by the Federal Reserve towards several rates cuts over the remainder of the year. We have recently seen a spate of weak economic data. This includes a highly controversial revision to non-farm payrolls (the second largest in history) with the Department of Labor revising its annual employment number down by more than 800,000. After a mid-August wobble, stocks and gold are now rallying, as the Fed looks to ease... even though inflation remains elevated. Trish and Rob explain what it all means for your investments.

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RATE CUTS AHEAD as Jobs EvaporateRob HordonFederal ReserveModel Portfolio

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