Fed Rate Cut Hints Spark Market Surge, Then Retreat

Federal Reserves Interest Rate Hint Sparks Market Surge, Then RetreatThe podcast episode delves into the recent market fluctuations following a Federal Reserve officials comments on potential interest rate cuts. Stocks like Xerox, Rumble, and Magnite saw significant gains, but the markets enthusiasm was short-lived due to a stronger-than-expected jobs report. The episode explores the impact of interest rate expectations on market behavior and the shift in investor sentiment towards defensive stocks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.