On Tuesday, Federal Reserve leaders shared their thoughts on the central bank’s potential future policy decisions. Pence Capital Management’s Chief Investment Officer, Dryden Pence, recently appeared on Market Domination Overtime to provide insight into how the market is working and what that could mean for the Federal Reserve’s next moves.
During his appearance, Pence suggested there could be one rate cut at the end of the year. He explained the Fed’s stance on keeping rates higher for longer periods and highlighted the strength of the US economy. In particular, he noted that 6.1 million new workers have been added since before the pandemic, which is equivalent to adding the entire workforce of Illinois or the GDP of France, the seventh largest country in the world, in just four years.
Pence also discussed market trends and predictions in the financial sector, offering expert insights and updates from Pence Capital Management and other industry experts. To hear more about market trends and predictions in the financial sector, check out the full episode of Market Domination Overtime.