Is a Rate Cut on the Horizon? What to Expect From the Federal Reserve Meeting
Another month, another Federal Reserve meeting.
Yes, it's already that time of the month.
Steve Skancke, chief economic advisor at Keel Point, and Jacob Sonenshine, a reporter for TheStreet, sat down with TheStreet's Katherine Ross to discuss all things Federal Reserve.
When asked whether or not Skancke still expects a rate cut, he replied, "Well, I was a lot more certain last week that they would cut rates until we got some new information. A couple of things have happened. One is inflation has actually ticked up to about 2.5% and consumer sentiment is expecting inflation to be 2.8% over the next year. So that gives those who are against raising rates like the Boston Federal Reserve Bank president, more ammunition to argue against it when they meet today and tomorrow."
Sonenshine replied that he's uncertain about business uncertainty.
Watch the full interview for more from Sonenshine and Skancke.
Premium Pick: Jim Cramer: Thank Heaven These 2 IPOs Are No-Gos for Now
Action Alerts PLUS peek: How Jim Cramer Knew to Sell Shopify Stock Before Its Recent Plunge
Trading Strategies: How To Find Value in a Market Rotation
Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud
Catch Up: Today's Top News Videos Below
