The Opening Bell 5/25/18: December Rate Hike Now Being Questioned

Federal Reserve Chairman Jerome Powell (AP Photo/Carolyn Kaster)

After yesterday’s market drop in response to President Trump’s announcement of pulling out of the North Korea Summit, Steve Grzanich and Paul Nolte (SVP & Sr. Portfolio Manager at Kingsview Asset Management) were reminded how volatile the market can be. They also discussed the recent Federal Reserve meeting minutes and found that the December rate hike could be in question. Brian Sumers (Airlines Business Reporter at Skift.com) then shared his positive perspective on the holiday travel weekend and how the airlines expect the stress from many of the customers, so staying calm with their best thoughts in mind will translate to a positive travel experience.