Posts Tagged ‘fed’
The Fed Finally Cut Interest Rates. What Could It Mean for Your Finances?
On September 18, 2024, the Federal Reserve’s Federal Open Market Committee (FOMC) lowered the benchmark federal funds rate one-half percentage point to a range of 4.75% to 5.0%. It was the first rate cut since the Fed raised the funds rate aggressively from March 2022 to July 2023 to help control inflation.¹ The long-awaited policy…
Read MoreMonthly Market Insights | July 2022
US Markets June was a tough month for the markets as recession talk prompted investors to recalculate risk in their portfolios. The Dow Jones Composite Average led the indices to lose only 6.84% while the Standard & Poor’s 500 Index fell 8.39%. The tech-heavy Nasdaq Composite dropped the most losing 8.71% in the month of…
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