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Podcast: Money Life with Chuck Jaffe
Episode: Edward Jones' Kourkafas prefers strong economy to market-boosting rate cuts
Description: Angelo Kourkafas, senior investment strategist at Edward Jones, says we are seeing a tug of war between the forces lifting the economy -- powered by excitement over artificial intelligence -- facing the stubbornness of inflation and the likelihood that the Federal Reserve will postpone rate cuts as long as possible, weakening the market. Kourkafas says he prefers the strong economy over rate cuts because it builds a strong foundation for corporate profits, which ultimately will drive markets higher, overcoming the short-term impact inflation and higher-for-longer interest rates are having on the market now. Veteran personal finance journalist John Waggoner...