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Business Rundown: Despite Last Week’s Big Selloffs, Experts Agree "Don’t Panic”

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Manage episode 438979131 series 1763136
Content provided by FOX News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FOX News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Last week, the markets on Wall Street had their worst week since 2023. This was spurred in part by uncertainty about a recession after the Labor Department released a jobs report that showed a slowing labor market.

Now we see stocks are rebounding, as some are optimistic that the Federal Reserve’s imminent rate cut will help the US economy towards a soft landing. A Consumer Price Index report releasing Wednesday, however, could complicate Fed Chair Powell rate cut plans for September.

Co-host of The Big Money Show on FOX Business, Taylor Riggs, speaks with President of Payne Capital Management, Ryan Payne, about why market panic right now isn’t warranted and what investors will be listening for in the first 2024 Trump-Harris presidential debate.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3737 episodes

Artwork
iconShare
 
Manage episode 438979131 series 1763136
Content provided by FOX News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FOX News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Last week, the markets on Wall Street had their worst week since 2023. This was spurred in part by uncertainty about a recession after the Labor Department released a jobs report that showed a slowing labor market.

Now we see stocks are rebounding, as some are optimistic that the Federal Reserve’s imminent rate cut will help the US economy towards a soft landing. A Consumer Price Index report releasing Wednesday, however, could complicate Fed Chair Powell rate cut plans for September.

Co-host of The Big Money Show on FOX Business, Taylor Riggs, speaks with President of Payne Capital Management, Ryan Payne, about why market panic right now isn’t warranted and what investors will be listening for in the first 2024 Trump-Harris presidential debate.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3737 episodes

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