Business Rundown: Rate-Cut Optimism & Middle East Oil Worries
Update: 2024-08-26
Description
Markets opened higher this morning after Friday’s announcement from Federal Reserve Chairman Jerome Powell. Now, traders and investors are making money moves with the expectation of one to three rate cuts in the next few months.
Meanwhile, an air of caution on aggressive trading as conflict in the Middle East threatens to jeopardize key supply lines and steady access to crude oil. And in the 2024 presidential race—the Harris campaign has endorsed a tax plan that would include a new tax on unrealized gains.
Fox Business’ Kelly O’Grady spoke with CEO of Mahoney Asset Management, Ken Mahoney, to break it all down.
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