Latest / Markets with Megan: A Quick Financial Markets Update
Fed's Hawkish Turn: Market Reactions from FOMC Meeting | Episode 096 | 02-01-2024
In today's episode, Verdence Capital Advisors CIO Megan Horneman discusses the events following the highly anticipated FOMC meeting on January 31st. Contrary to expectations, the Fed took a more hawkish tone, triggering a significant sell-off in the equity market. Chairman Powell's cautious stance on potential rate cuts, emphasizes the risks of premature reductions and the importance of ensuring progress in inflation. Megan challenges the optimism in the futures market, suggesting that the anticipated timing and magnitude of rate cuts may be too ambitious. She provides her perspective on the…
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