CIO Thoughts: Be Careful What You Wish For – A 50bps Cut Would Imply a Recession and Potentially a Significant Downturn for the S&P 500
September 17, 2024 at 15:26 PM EDT
The probability of a 50bps rate cut has steadily increased over the past week (it is 63% as of today). The Fed has only cut 50bps in a non-emergency situation once in the past 40 years. In our view, the Fed would be making a mistake as it would imply the economy is much weaker [...] The post CIO Thoughts: Be Careful What You Wish For – A 50bps Cut Would Imply a Recession and Potentially a Significant Downturn for the S&P 500 appeared first on ETF Trends .
