which aligned with Wall Street expectations. Nationwide Chief Economist and Senior Vice President Kathy Bostjancic joins Wealth! to discuss the impact of this report on potential Federal Reserve rate cuts.
Let's do a check of the markets as we're taking a look at the dow, the S and P 500 the NASDAQ, the dow was higher by about 2/10 of a percent.The dow the worst performer on a percentage basis down about one and a quarter of a percent. That's a really welcomed um outcome, especially since we saw much higher readings um in the first quarter.Yes, we're gonna be able to cut rates later this year, but it's certainly welcome news to see a little bit of relief there.
But we could still get to one cuts if fed officials believe we're like securely heading in the right direction and eventually get back to 2%.Thank you so much for helping us break down some of this morning's data and a read on the economy.Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped before the opening bell Friday after former President Donald Trump was convicted in his hush money trial.US markets have had a rough week.