Business Rundown: Despite Last Week’s Big Selloffs, Experts Agree “Don’t Panic”
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... Читать дальше...