Jacobsen: Tentative Rate Hike About "Symbolism" Over "Substance"
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As the Fed begins its interest rate meeting, Brian Jacobsen believes we will get a rate hike even though he thinks the FOMC should hold. He adds that a hike will be more about "symbolism" instead of "substance" to show U.S. investors the Fed remains independent. Brian explains why he sees a hike adding more headwinds for U.S. consumers. In equities, he expects a greater market pullback following rallies across tech during earnings season. ======== 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-netw
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