Fed Funded Thursday – 0.5% Rate Cut Good for 500 Dow Points (so far)!
September 19, 2024 at 08:49 AM EDT
And we’re off to the races! Despite some fairly strong job and inflation numbers in the past month, the Fed gave the market a huge gift with a 0.5% Rate Cut – the first time rates have gone down since the Banking Crisis of 2020, dropping the target range back below 5% with Powell stating: […] Source