There Was No Need for a Rate Cut

On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Fed had decided to cut interest rates by .25 basis points. The market was expecting .50 basis points and immediately sold off. In fact, the S&P 500 had its first breakout move above or below 1% in thirty-eight trading sessions...

By | August, 5, 2019|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments