Is it because of President Trump’s pressure campaign on the central bank to lower rates? Or perhaps it’s all about concerns that economic growth is slowing and receding expectations that tariff will raise inflation. Maybe it’s a combination of all of the above. Whatever the reasoning, markets are confident that the Federal Reserve will trim its target rate at the Sep. 17 policy meeting.
Daily Archives: August 28, 2025
Macro Briefing: 28 August 2025
Chipmaker Nvidia reported better-than-expected earnings and revenue on Wednesday, a sign that AI-related investing remains strong. “The company is still growing over 50% [year on year] on their guidance at a $50B quarterly revenue run rate – that’s remarkable, even for the current valuation,” said David Wagner, head of equity at Aptus Capital Advisors. Matt Orton, head of advisory solutions at Raymond James Investment Management, said: “If anything, this just highlights that there’s a lot of durability to this (AI) trade… The businesses of these hyperscalers can continue to accelerate, and you’re not seeing any sort of sign of a slowdown being reflected in the results of Nvidia.”
