Fed cuts rates by half a percentage point, cites ‘greater confidence’ on inflation

THE SPX makes a NEW HIGH – lets wait until tomorrow to have more data on why the market is positioning this way

Updates with release of policy statement, projections

• US central bank kicks off easing cycle
• Fed’s policy rate lowered to 4.75%-5.00% range
• Policymakers see another 50 basis points of cuts in 2024
• Fed Governor Bowman dissents; preferred smaller cut

Updates with release of policy statement, projections

US central bank kicks off easing cycle
Fed's policy rate lowered to 4.75%-5.00% range
Policymakers see another 50 basis points of cuts in 2024
Fed Governor Bowman dissents; preferred smaller cut

— Mario Randholm (@MarioRandholm) September 18, 2024