The Fed finally made a rate cut, and this one was big. Is this going to be a positive thing for the stock market? Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese share their insights about what happened and what could be next for investors and borrowers alike.
Highlights include:
- We’ve had our first Fed rate cut since 2020
- This rate cut was bigger than usual, cutting .5%
- This is likely to be seen as a normalization cut, meaning it’s probably a bullish event for investors
- There’s potential for another .5% in cuts this year
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