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Kurt Cambier of Centennial Capital Partners joins the show to discuss yesterday's massive market sell-off following the Federal Reserve signaling a slowdown in the pace of interest-rate cuts.
Dow plummets 1,100 points after Fed scales back plans for interest rate cuts
Dow Jones Plummets 1100 Points After Fed Suggests Fewer Rate Cuts In 2025
A good quote from a speech by Governor Waller on the economic outlook - Federal Reserve Board
“I feel like an MMA fighter who keeps getting inflation in a choke hold, waiting for it to tap out yet it keeps slipping out of my grasp at the last minute. But let me assure you that submission is inevitable—inflation isn't getting out of the octagon.”
I think the first half of the quote is more important than the second half.