Rate Cuts Coming?, Tesla Revs Up 7/9/24

from Power Lunch · host CNBC

Fed Chair Jerome Powell just told a senate committee the economy remains strong, despite some recent cooling. He also said holding rates too high for too long could jeopardize growth. We’ll break down what that means for timing of potential rate cuts.Plus, speaking of growth – the values of sports teams have been soaring for decades. Is there any sign that we have finally reached the peak? We’ll discuss.And, Tesla’s rally rolls on, with the stock on pace for it’s 10th-straight positive day. It’s up more than 40% during that streak. If you’re holding it, should you sell now? We’ll ask our trader. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

Fed Chair Jerome Powell just told a senate committee the economy remains strong, despite some recent cooling. He also said holding rates too high for too long could jeopardize growth. We’ll break down what that means for timing of potential rate cuts. Plus, speaking of growth – the values of sports teams have been soaring for decades. Is there any sign that we have finally reached the peak? We’ll discuss. And, Tesla’s rally rolls on, with the stock on pace for it’s 10th-straight positive day. It’s up more than 40% during that streak. If you’re holding it, should you sell now? We’ll ask our trader.

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Rate Cuts Coming?, Tesla Revs Up 7/9/24

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This episode was published on July 9, 2024.

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