Closing Bell Closing Bell: July 30, 2025
Jul 30, 2025
Join Stephanie Link, a seasoned CNBC contributor and Hightower Advisors expert, along with Frederick Mishkin, former Federal Reserve Governor, and Kevin Gordon from Charles Schwab. They dissect the Federal Reserve's decision to keep interest rates steady, the implications of rising tariffs, and their effects on the economy. The trio delves into the job market's resilience amidst trade uncertainties and shares insights on upcoming tech earnings, particularly highlighting Microsoft's hefty AI investments and Robinhood's impressive market performance.
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Fed's Cautious Stance on Rate Cuts
- Fed Chair Jay Powell took a cautious stance, withholding a clear signal on a September rate cut.
- He emphasized elevated inflation above target and full employment as reasons to remain restrictive now.
Labor Market Key To Fed Decisions
- Powell acknowledged the labor market is resilient but highlighted downside risks.
- This suggests the Fed may stay on hold unless labor data deteriorate sharply.
Fed Learning From 2022 Mistake
- The 2022 Fed mistake of being too easy on inflation influences their current caution.
- The Fed aims to avoid repeating past errors by maintaining a moderately tight policy now.