Business Rundown: Fed Weighs Final Rate Cut of 2024

Ken Mahoney, CEO of Mahoney Asset Management, shares his expertise on the labor market and the Fed's upcoming rate cut decisions. He discusses the recent addition of 227,000 jobs and rising unemployment, questioning the reliability of these figures. The conversation turns to inflation indicators like CPI and PPI and their potential influence on interest rates. Mahoney also considers economic trends, consumer spending behaviors, and investment strategies as we approach the new year, providing insights for navigating the financial landscape.