In this discussion, the guest, Kevin Gordon, suggests that while a recent report may lead to the Federal Reserve considering another interest rate hike in November, it may not definitively push for it. He mentions that the decision depends on various economic factors, including jobs and inflation reports. Additionally, Kevin Gordon discusses the state of the stock market, highlighting concerns about its breadth and the potential impact of global economic conditions. He emphasizes that the Fed's actions should not be the sole basis for investment decisions, as market performance varies widely after the Fed completes its tightening cycles.
Here are the key facts extracted from the text:
1. The guest believes that a report will influence the FED's decision on a rate hike in November.
2. The recent jobs report and CPI report provide cover for the FED to hold rates in September.
3. The guest mentions that there might be an uptick in goods, but services have taken longer to stabilize.
4. The FED's decision in November could signal concerns about inflation progressing.
5. The guest discusses the current state of the market and its performance.
6. The guest mentions that the U.S. looks better than the rest of the world in terms of economic performance.
7. The guest emphasizes the importance of not basing investment decisions solely on the FED's actions.
8. Historical data shows a wide range of market performance after the FED is done with rate hikes.
Please note that these facts are extracted from the text, and they do not include opinions or analysis.