The Fed says its decisions are data-driven, but recent data on inflation, jobs, and other key economic metrics don't seem to be offering a consistent message. Kevin Gordon, Schwab's senior investment strategist, joins host Mike Townsend to go below the headline data and look at what the Fed is watching as it continues to fight sticky inflation and make decisions on rate cuts. They discuss what impact the reduced expectations for rate cuts in 2024 night be having on the market and whether the sky-high federal debt is contributing to stubborn inflation. Kevin also looks at the state of investor sentiment in a time of uncertainty, explains why the so-called Magnificent Seven may not be so magnificent anymore, and offers some thoughts on why the old "sell in May and go away" adage may not be the best investing strategy in 2024.   

Mike also discusses the ongoing battle in Congress over foreign aid and how priorities have shifted; looks at how lawmakers are positioning themselves for a massive policy battle over the expiring 2017 tax cuts; and observes that the regulatory process in Washington is increasingly being played out in the courts.

WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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