The chapter delves into the implications of the recent Fed meeting and CPI data release, featuring insights from Greg Halter on the cooling inflation trends and their impact on sectors like auto insurance and new car sales. There is a discussion on the uncertainty surrounding interest rates, with speculation on whether they have peaked or could even return to zero, as well as reflections on the challenges of transferring funds into higher yield accounts.
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Bloomberg News Senior National Political Correspondent Nancy Cook explains how Donald Trump’s brand on Wall Street, once tarnished by the US Capitol attack and his bombastic political rhetoric, has made a near-full recovery, evidenced by the lineup of bank industry chieftains attending an event with the former president. Frank Sorrentino, CEO at ConnectOne Bank, shares his thoughts on what Fed policy means for banks and small businesses. And we Drive to the Close with Greg Halter, Director of Research at Carnegie Investment Counsel.
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