Stock Market Thrives Amidst Rate Cuts, Wealth Disparity

Stock market hits record highs, driven by anticipation of another interest rate cut, despite higher rates impacting small businesses and lower-income households. Experts suggest two different monetary policies at play, one for the wealthy and another for everyone else. Despite economic weaknesses, the market is poised for new highs, fueled by AI excitement and bullish sentiment. The Fed is expected to maintain liquidity, but longer-term Treasury yields may keep borrowing costs elevated.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.