Bloomberg Businessweek
Powell Says ‘Time Has Come’ for Fed to Cut Interest Rates
Aug 23, 2024
Michael McKee, an International Economics & Policy Correspondent for Bloomberg News, delves into the Federal Reserve's potential interest rate cuts with Tracy Bell, Chief Investment Officer at First Horizon Advisors. They discuss how these changes might affect investment strategies amid rising unemployment fears. Amanda Gordon adds insights on business uncertainty from policy discussions. The conversation also touches on Bitcoin mining and market dynamics related to the upcoming presidential race, highlighting significant investment implications.
39:20
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Quick takeaways
- The Federal Reserve is likely to cut interest rates to protect employment, responding to weak economic data and rising unemployment.
- Investors are advised to stay aligned with long-term goals, emphasizing patience and diversification as key strategies during market volatility.
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