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CNBC Fast Money July 14, 2024

Conference calls later this hour fire sale. Sharps at nordstrom down almost 10 today. The traders assess the damage. Plus would you rather . Home depot getting the downgrade after lowes gets the upgrade whether they nailed it or not. In taste you hadnt heard foam is fed day steve leastman lays out the big picture from the fed survey. Wall street expects the Federal Reserve to cut Interest Rates tomorrow amid growing concern about economic weakness recession fierce and the trade war. 100 of respondents to the cnbc fed survey see the fed cutting rates by afare quarter point after announcing results of the september meeting, nearly all expect another quarter point cut by year end. The problem is that forecast for lower rates come with a reduced outrook for u. S. Growth and increased probltd of recession the schans of a recession in the next 12 months soared to 11year high of 32 ....

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