News list for "diton"

Eric Diton, president and managing director of Wealth Alliance, said, "I thought the Fed was due to cut rates by 25 basis points this week, but clearly it missed it. Then we saw initial jobless claims rise and the ISM Manufacturing PMI underperformed for the fourth consecutive month. Powell said he relies on data and how Friday's non-farm payrolls data performs will be key. If we see a very weak data, he will likely cut rates by 50 basis points in September. Another...

2024-08-02 14:37:01