Reported 13 days ago
Following last week's 50 basis point rate cut by the Federal Reserve, both the Dow Jones and S&P 500 have hit record highs. Economists, including Brian Jacobsen from Annex Wealth Management, speculate on the possibility of another significant rate cut due to ongoing labor market weaknesses, suggesting that an aggressive approach may be warranted. Market focus is also shifting towards the upcoming earnings season, which begins on October 11.
Source: YAHOO