Here are just some of the stories covered in Market Domination Overtime on Friday, August 22.
Stocks surged after Fed Chair Jerome Powell opened the door to rate cuts. The trading day ended with the Dow Jones Industrial Average adding 846 points and closing at a new record high. We recap the trading day’s action.
Former Fed vice chair Alan Blinder joined the program to give his take on Powell’s speech, saying that though he would bet on a rate cut in September, he won’t quite call it a done deal yet, noting that upcoming economic data releases could influence the Fed’s decision.
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