Fed Watch: “Cut” to the Chase

Published on September 19, 2024

After much anticipation, the Fed finally delivered a rate cut at the September FOMC meeting. The amount had been the subject of a great deal of speculation of late, and the voting members decided on a half-point reduction to kick off this easing cycle, bringing the new Fed Funds trading range down to 4.75%–5%.

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Be Careful What You Wish For

September 19, 2024
As the kiddos return to school, our fantasy football lineups are set, and the summer has ended, not only is the weather turning in the Northeast, but the inflation challenges are also cooling. The Federal Reserve’s (Fed) preferred inflation gauge, the PCE, was released at the end of August and came in at 2.5% month-over-month for July.

Wall Street’s New Era Off to Rocky Start Despite Big Fed Cut

September 19, 2024
Jerome Powell delivered exactly what traders up and down Wall Street had long hoped for: A big interest-rate cut that would justify this year’s steep rally in stocks and bonds as the era of tight monetary policy finally began to reverse.