Latest / Markets with Megan: A Quick Financial Markets Update
Fed's Rate Cut and Geopolitical Tensions | Episode 188 | 11-07-24
In this episode, Verdence Chief Investment Officer Megan Horneman breaks down the latest Federal Reserve decision to cut interest rates by 25 basis points, bringing them to a target range of 4.50% to 4.75%.
Megan discusses the Fed's shift in language regarding inflation, highlighting their updated focus on "progress" rather than "gaining confidence" in achieving their 2% inflation target. This subtle change has raised some eyebrows, especially as certain inflation metrics remain sticky. The Fed emphasized a “meeting-by-meeting” approach, with more data anticipated by December that could sway…
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