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Market Reaction to the Fed’s Decision to Cut Interest Rates

Picture of Scott Colbert Scott Colbert : October 3, 2024

Economy Economic Insights Featured
Market Reaction to the Fed’s Decision to Cut Interest Rates

After holding firm on interest rates for 14 months, the Federal Reserve cut the federal funds rate by a half percentage point at the September meeting of its Federal Open Market Committee. This lowers the Fed’s benchmark interest rate to a 4.75%–5.0% target range. How might this impact investment portfolios? In a new Commerce Trust Market Brief video, Chief Economist and Director of Fixed Income Management, Scott Colbert, outlines the market response to the Fed’s long-anticipated action. 

 

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