As stock markets (^DJI, ^IXIC, ^GSPC) edge higher, all eyes are on Federal Reserve Chair Jerome Powell's second day of testimony on Capitol Hill, where he's ...
) edge higher, all eyes are on Federal Reserve Chair Jerome Powell 's second day of testimony on Capitol Hill, where he's expected to address economic conditions , monetary policy, and more. To provide insight on potential Federal Reserve rate cuts, BMO Wealth Management US Chief Investment Officer Yung-Yu Ma joins the Morning Brief.
The committee will continue its practice of carefully assessing incoming data and their implications for the evolving outlook, the balance of risks and the appropriate path of monetary policy.Apologies here for that. But uh definitely we think the Fed will begin cutting rates this year because we are seeing some signs of labor market softening and the Fed is recognizing the two sided risks, not just to inflation, but also the labor market.
It was interesting because our assessment of the labor market is that it's not as strong as it was pre pandemic. The Democratic strategist argued that the president, who has dismissed polls foreshadowing his election loss against Donald Trump, will drop out of the race.Writing on his social media site Truth Social, Donald Trump threatened to imprison "election fraudsters" and name-checked the Meta CEO.
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