Latest / Markets with Megan: A Quick Financial Markets Update
Fed Testimony Breakdown: Rate Cuts, Inflation Focus, and a Basel III Surprise | Episode 109 | 03-07-2024
In this episode of Markets with Megan, Chief Investment Officer Megan Horneman looks into the Federal Reserve's recent testimony to Congress. While no major interest rate changes were announced, the Fed hinted at potential cuts later in 2024 if inflation falls as expected. The focus on controlling inflation remains a top priority. The biggest surprise came with a shift in tone on Basel 3 banking regulations. Originally designed to strengthen banks after the recession, Basel 3 has drawn criticism for potentially hindering economic growth. The Fed's openness to reevaluating, or even rewriting…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.