Investing on interest rate cuts, jobless claims, auto loans: Wealth!

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The Federal Reserve announced that it would leave interest rates unchanged after the July FOMC meeting. In a press conference after the two-day policy meeting, FedChair Jerome Powell hinted a cut could be on the table for September. Many questions now arise as to how it will impact certain industries and finances, including auto loans and consumer discretionary sectors.

Wells Fargo Investment Institute global investment strategist Veronica Willis joins the show to give insights into which sectors may benefit from a rate cut and may be a worthy addition to investor portfolios.

Cox Automotive executive analyst Erin Keating joins the show to break down what could happen with auto loan rates if the Fed begins to cut rates in September.

US initial jobless claims rose by 249,000 for the week ending on July 27, an 11-month high according to the US Department of Labor. What does this new record reveal about the labor market?

In addition, see the best ways to improve your cybersecurity with the best defense against cyber attacks, as Cisco EVP and general manage of security and collaboration Jeetu Patel comes onto the show to break down best practices for cybersecurity.

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This post was written by Nicholas Jacobino.

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