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Chicago
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Everything Except Political
Politics or economics
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By Oliver Renick| LinkedIn@ Oliver Renick Oliver Renick Lead Anchor at Schwab Network Published Aug 14, 2024 It seems pretty clear that the pieces are in place for the Fed to begin cutting rates this year, likely in September. Inflation data are consistently cooperating, and the trend looks fairly reliable. We haven't quite heard the heavy dovish language from Powell yet, but odds are he'll begin leaning more clearly toward cuts at Jackson hole.
By Oliver Renick| beehiiv@ June is historically one of the worst months of the year for stocks. How the next 24 hours go will probably determine the fate of the remaining 2.5 weeks. Stocks have proven resilient this year despite a persistent amount of uncertainty in other markets. In the last two months alone, we have both had reflation scares and recession scares.
By Oliver Renick| LinkedIn@ Oliver Renick Oliver Renick Lead Anchor at Schwab Network Published Aug 14, 2024 It seems pretty clear that the pieces are in place for the Fed to begin cutting rates this year, likely in September. Inflation data are consistently cooperating, and the trend looks fairly reliable. We haven't quite heard the heavy dovish language from Powell yet, but odds are he'll begin leaning more clearly toward cuts at Jackson hole.
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