Want to create an interactive transcript for this episode?
Podcast: Schwab Market Update Audio
Episode: Fed Cuts 50 but Stocks Hand Back Initial Gains
Description: A 50-basis-point rate cut reflected falling inflation and a cooling jobs market. Stocks initially hit record highs but fell by the close as yields climbed on inflation concerns.Important DisclosuresInformation on this site is for general informational purposes only and should not be considered individualized recommendations or personalized investment advice. The type of securities and investment strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction for his or her own particular situation. All expressions of opinion are subject to change without notice in reaction to shifting market...