Fed Unlikely To Cut Rates This Summer | Powell Says Economic Data Still Too Strong

The Beavis Wealth Podcast

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In this episode, it looks like the US Federal Reserve is unlikely to cut interest rates this summer. Stronger-than-expected economic data and recent comments from policymakers suggest maintaining the current policy. Traders now anticipate only one rate cut by the end of the year, impacting markets and highlighting the Fed's cautious stance.

Also in this episode:
🕒 The U.S. and Canada move to T+1 settlement cycles, reducing settlement risk and improving market efficiency.

🛒 Canada's Competition Bureau investigates Loblaw and Sobeys for alleged anti-competitive practices in their lease agreements.

💬 JPMorgan Chase CEO Jamie Dimon warns of potential economic challenges, including the risk of stagflation and unpredictable interest rates.

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