The Federal Reserve Cut Rates – Are More on the Way?

    Date:

    This week has been significant for market-impacting events.

    First, we had the presidential election on Tuesday. While many didn’t expect it to be called so quickly, it became clear that Donald Trump won in the early morning hours on Wednesday after he did a lot better than people thought he would. (I sent a special election video reaction message to Market 360 readers yesterday, which you can view here.)

    But there was another market event that we need to talk about today. And, under normal circumstances, it would dominate the headlines.

    I’m talking about the Federal Reserve’s November Federal Open Market Committee (FOMC) meeting, which concluded today. At the last FOMC meeting, the Fed cut rates by 0.5% – the first rate cut since March 2022. It also noted that a few more cuts should be expected before 2025.

    In today’s Market 360, we’ll discuss the Fed’s most recent rate cut decision. But before we do, we need to review two key reports from last week that likely influenced the decision: the October payroll report and the latest Personal Consumption Expenditures (PCE) report. Plus, I’ll share which of these events could spark a new surge in the markets… and how you can stand to profit.

    Chart

    SignUp For Breaking Alerts

    New Graphic

    We respect your email privacy

    Share post:

    Popular

    More like this
    Related

    Nvidia Results Receive Mixed Reactions: Nov. 21, 2024

    Market sentiment is mixed today as asset prices fluctuate...

    Estimize Part One: The Wisdom of Crowdsourcing

    Vinesh Jha, CEO of Estimize, founder of its parent...

    Fill The Gap Episode Forty-Two, with Frank Cappelleri, CMT, CFA

    Your Privacy When you visit any website it may use...

    StockTok: Meta fined in India and Europe for antitrust violations

    Instagram tests content recommendation reset, Trump Media in talks...