Danielle DiMartino Booth on Fed's Rate Hike, Consumer Strength & AI Trade Warning

By Schwab Network

Community Score: 50% | 569 views | 4w

0 community ratings: null thumbs up, null thumbs down

Danielle DiMartino Booth (@DanielleDiMartinoBoothQI) discusses the market reaction to the Fed raising interest rates for the first time since July 2023. She gauges questions around whether the average U.S. consumer will stomach the rate hike, or the start of a hiking cycle, as inflation pinches American wallets. Daneille adds to her analysis by discussing the growing importance of economic data like core PCE, CPI, and PPI for a Fed not as willing to divulge guidance on interest rates. She also offers a word of caution to investors in the AI trade. ======== 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 Vi