I'm Taylor Riggs and this is the Fox Business Rundown.

Monday, September 9th, 2024.

Wall Street had its worst week since 2023 and with key inflation

data set to be released in a few days investors are torn between striking it

off as a cyclical panic or bracing for a turbulent economy to kind.

So is there a fine in the theater?

I really don't think there is and I think the fed here can be very measured given the fact

the economy is growing inflation is coming down.

Employment is relatively strong.

Last week the markets on Wall Street had their worst weeks since 2023.

Sp spurred in part by uncertainty about a recession after the Labor Department

released a jobs report that showed a slowing

labor market. Investors took an even bigger hit when the artificial intelligence

stock favorite, NVIDIA, it took a sizable tumble.

First, attributed to the weak jobs report, but then investors losing more faith after

the DOJ sending NVIDIA a subpoena for an investigation into antitrust violations.

Now, of course, we are seeing some stocks rebound.

Some are optimistic that the Federal Reserve's rate cut may be next week. it will help the U.S. economy move

towards a soft landing, meaning our economy can re-enter itself without causing a

recession.

rate cut has been anticipated for some time now, but just how big it will be, it is up for

debate between market analysts.

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