September Cut Incoming, Meta Shares Surge, and Second Trump Presidency 8/1/24
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The Fed says a September rate cut is likely after keeping borrowing costs steady during its latest meeting. Moody's Analytics' Mark Zandi explains. Plus, shares of Meta are popping after the company reported a 22% increase in revenue. Visible Alpha's Melissa Otto and Cleo Capital's Sarah Kunst dig into the quarter. And, what could a second Trump presidency mean for the economy? Evercore ISI's Krishna Guha gives his take.
September Cut Incoming, Meta Shares Surge, and Second Trump Presidency 8/1/24