June's Personal Consumption Expenditures (PCE) came largely in line with expectations, reinforcing confidence in a September interest rate cut from the...
June's Personal Consumption Expenditures came largely in line with expectations, reinforcing confidence in a September interest rate cut from the Federal Reserve . Insigneo Chief Investment Officer Ahmed Riesgo joins Market Domination to break down the print and what it signals about the overall state of the economy.
So in a sense, bad news is good news for the markets, we think eventually what's going to happen is that bad news is going to become just bad news for the market. I know one of the measures you're looking at is just typically how long it takes for us to enter a recession after the fed, not begin cutting, but begins raising the beginning of its rate increased cycle.Now, there have been other times as you look at this graphic here, we're, we're on the right side so we haven't entered the recession as of yet.
So, ah, I take your point about lags in monetary policy, but I'm just curious, Joe, what economic data are you seeing right now?So that's, uh, that's a huge one.Uh, now, you know, the, the flip side of that and what the sort of counter argument to mine is.
A company like Visa said, yes, we're seeing stabilization among higher income groups, but lower income groups are starting to feel the pinch and are starting to cut back spending.Shares of Newell Brands are surging after topping second quarter earnings expectations and raising its forecast for the year.
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