“Now what?”
That was the market’s response following the Federal Reserve’s interest rate cut on Wednesday — the highly-anticipated first cut of 2025.
As it turns out, the rate cut was already priced in.
And by opting to cut the benchmark rate by just a quarter-point and no more, Jerome Powell is sending a pretty clear signal of what we can expect in the months ahead. And it’s not good news.
Watch the video or read the transcript.
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