Cut Loose While the Federal Reserve’s 25 basis-point rate cut today was not a surprise, there were some surprises in the details behind the move. The Fed also released an updated Summary of Economic Projections and dot plot, both of which showed notable changes. The dot plot is an illustration of where each Fed official…Read more
The stage is set for the main event of the month — the Federal Reserve’s monetary policy meeting. The market has already fully priced in a 25-basis-point (0.25%) cut to the Fed’s benchmark interest rate. However, a small but notable segment of the market is holding out for a more aggressive 50 basis points, which…Read more
Snowballing Job Weakness You hear it in financial media a lot: The stock market is not the economy. The market doesn’t always move in tandem with economic news. It can rise even when labor data comes in weak, or fall if it looks like the economy is humming on all cylinders. But it’s not not…Read more
