Stocks and Interest rates: Why the health of the consumer is concerning

"The US consumer may not be as resilient as previously expected. Despite being on pace for record Cyber Weekend sales, consumers may be slowing down as the Fed keeps interest rates higher for longer heading into the holiday season.
Apollon Wealth Management CIO Eric Sterner joins Yahoo Finance to discuss new expectations for the US economy in 2024, predictions on whether the Fed can pull off a soft landing, and which stock sectors to lean into defensively.
""I really don't expect any cuts coming until the summer because, yes, we have made a lot of progress in inflation, but core inflation is still up 4% — more than double the Fed's target of 2%,"" Sterner says.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live."
Please Subscribe my Channel