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Podcast: Money Life with Chuck Jaffe
Episode: Economist Torres expects rate cuts, tariff clarity and more to power a bull run
Description: Jose Torres, senior economist for Interactive Brokers, says that the economy is about to get past tariffs — "the huge negative of the Trump policy mix" — and move to lighter taxation, milder regulations, subdued energy costs, rising factory production and, hopefully, rising employment as well," which creates a bullish outlook for the economy and the stock market into 2026. Torres says he expects the Federal Reserve to begin cutting rates this month and says the central bank has plenty of ammunition to fend off any recessionary pressures left while inflation gets through the initial tariff impacts. Torres noted that IBKR's forecast trad...