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Business Rundown: Candidates' Money Policy, Powell's Caution On Cuts, & Rising Rent
Manage episode 428564922 series 3330134
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Next week’s Republican National Convention will feature plenty of discussion about the economy. The former President has already floated major changes he would make, like lighter business regulations, imposing higher tariffs on China, and extending tax cuts.
Meanwhile, Wall Street had a good week as the stock market climbed, likely fueled by optimism that a rate cut is coming soon after Fed Chair Powell’s Senate testimony as well as reports that inflation fell in June.
FOX Business Correspondent Gerri Willis speaks with Siebert Financial’s Chief Investment Officer Mark Malek about all this, and they break down President Biden’s aim to cap yearly rises in rental costs.
Photo Credit: AP
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