Business Rundown: Market Pullback After Rate Cut Uncertainty
Update: 2024-11-18
Description
After a post-election boom, stocks pulled back at the end of last week as the pace of further Fed rate cuts came into question following a speech from Chairman Jerome Powell.
Fox Business correspondent Gerri Willis speaks to Slatestone Wealth Chief Strategist and Managing Partner Kenny Polcari about if the post-election stock surge was warranted and why investors must now read into the economic data over rate cut forecasts.
Photo Credit: AP
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