Latest / Markets with Megan: A Quick Financial Markets Update
Understanding Powell's Speech and its Effect on the Market | Episode 061 | 10-19-23
In this episode of "Markets with Megan" by Verdence Capital Advisors, Megan provides a comprehensive update on a busy day in the world of economic data. She starts with insights into the labor market, where initial jobless claims fell below 200,000 last week. Megan then discusses the much-anticipated speech from Federal Reserve Chairman Jerome Powell at the Economic Club of New York, which shed light on the Fed's stance on interest rates. She talks about how this has influenced the market and suggests that we should not expect a rate cut anytime soon.
https://youtu.be/glxKp0tUsYw
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