On Tuesday, Federal Reserve leaders shared their thoughts on potential future policy decisions from the central bank. Pence Capital Management’s chief investment officer, Dryden Pence, recently appeared on Market Domination Overtime to provide insight into how the market is performing and what it might mean for the Federal Reserve’s next moves.
During his appearance, Pence suggested that there could be one interest rate cut at the end of the year. He also discussed the Fed’s stance on maintaining higher rates for longer periods and highlighted the strength of the American economy. Since before the pandemic, 6.1 million new workers have been added, which is equivalent to adding the entire labor force of Illinois or the GDP of France in just four years.
For more expert insights and the latest market updates, you can watch the full episode of Market Domination Overtime. To hear more about market trends and predictions in the financial sector, check out the latest updates from Pence Capital Management and other industry experts.