VIDEO: How Many Rate Cuts Will the Fed Telegraph?
A 25 basis point rate cut is widely expected today, but the updated projections will dictate the market's reaction.
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Chris Versace joins Diane King Hall at the NYSE to discuss the Federal Reserve's pending rate decision, which has largely been priced in as at least a cut of 25 basis points. He disagrees with some predictions that upwards of six rate cuts could be forecasted by the Fed.
Chris also chimes in on inflation pressures impacting retailers and consumers right now, and how that factors into the Fed's decision. He explains that today's FOMC decision could be a "sell the news" event.
Later, Chris discusses several stock picks including: Marvell MRVL, and Dutch Bros BROS.
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At the time of publication, TheStreet Pro Portfolio was long MRVL and BROS.
