Federal Reserve leaders spoke on Tuesday to outline their thoughts on potential future policy decisions from the central bank.

Pence Capital Management chief investment officer Dryden Pence joins Market Domination Overtime to give insight into the market and what it means for the Federal Reserve.

Pence signals the potential for one interest rate cut at the very end of the year and offers contexts for the Fed's higher-for-longer stance: "[The Fed] would like to pivot, but I think it continues to move to the right because you have this tremendous robustness of the American economy. I think what people have forgotten is we've added so many workers; we've added 6.1 million new people working in this country since the height of pre-pandemic. When you think about that, that's like adding the entire labor force of Illinois, and that's like adding the entire GDP of France, which is the seventh largest country in the world. And so we've grown France in the last four years."

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This post was written by Nicholas Jacobino