Episode Details
Back to Episodes
Rate Hikes "Won't Derail" Stock Market & Midterm Election Catalyst for Crypto
Description
PPI continued the trend CPI by signaling inflation is cooling. Charles Schwab's Kevin Gordon expects the Fed to hold interest rates in its next meeting with current data in mind. He adds that equities have opportunity to rally even in the face of a hawkish Fed, so long as other economic indicators stay strong. Jim Ferraioli doesn't expect many macro movers to impact Bitcoin and other cryptocurrencies for the time being. He does expect the midterm elections to serve as the next key catalyst for the space.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about