September Cut Incoming, Meta Shares Surge, and Second Trump Presidency 8/1/24

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.