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