The Fed’s “Recalibration” Supports a Soft Landing
September 26, 2024 at 11:18 AM EDT
On Wednesday, Chairman Powell announced that the FOMC voted to reduce the Fed Funds Rate by 50bps, bringing the target range down to 4.75%-5.00%. Coming into the meeting, market participants were at odds on whether policy makers would implement a 25bps or a 50bps reduction, with the latter move thought to potentially signal a more [...] The post The Fed’s “Recalibration” Supports a Soft Landing appeared first on ETF Trends .
