Reported 28 days ago
Major stock indexes are experiencing downward pressure following the release of the August Consumer Price Index (CPI), which met economists' expectations. Mark Malek, Chief Investment Officer at Siebert, discusses the market's negative reaction, suggesting that investors were likely hoping for different data that could support a 50 basis point rate cut by the Federal Reserve. He highlights that the upcoming presidential election will be a major market catalyst, along with the significant implications of Senate races for future tax policy.
Source: YAHOO