The Feds Cut Interest Rates
After nine months on pause, the Fed cut the interest rate by 0.25%. Here’s what it means for your portfolio, income, and long-term strategy.
After nine months on pause, the Fed cut the interest rate by 0.25%. Here’s what it means for your portfolio, income, and long-term strategy.
Inflation rates remain elevated, but disciplined investors can continue to thrive. At Larson Financial, we’re committed to empowering our clients to flourish, even in complex financial times.
Last week, the Major Markets saw gains follow the largest sell-off for the S&P 500 in over a year.
Major markets surged as Powell’s speech hints at rate cuts. Mid-cap stocks outperformed, while a big job revision added to economic shifts.
Last week, Wednesday’s gains punctuated the week in large part due to the activity following the FOMC Meeting, where they voted to hold interest rates held steady.
Following a blowout of an emergency door on a Boeing 737 Max in January, orders from Boeing almost completely disappeared for a month.
The Fed voted to hold interest rates steady at 525 – 550 basis points. However, it was Powell’s comments after the meeting that caught the markets’ attention. While there was still a lot of hedging in his statement on Wednesday, his comments stood as a marked shift in tone. This gave quite the gift to both the equity and bond markets.
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