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9-20-24 Fed Rate Shock - How The Latest Cut Could Ignite Or Crash Your Investments
Was the Fed's 50bps rate cut a "calibration?' We are still not at the Feds target for unemployment; the Fed's action was in response to conditions, not to help anyone politically. What will the Fed do next? The 50bps cut does nothing to help consumers. What is the neutral, real interest rate, now? Why a Fed rate cut is really bad news. How now to fund your goals: Time to trim exposure and move to cash, awaiting opportunities. Americans' pay has not recovered from inflation, requiring a "recalibration" of financial plans to adjust for realities. Two worst areas of inflation: Groceries &…
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