EPISODE · Sep 20, 2024 · 17 MIN
The Fed's Much-Anticipated First Rate Cut of 2024 and its Impact
from Connecting the Dollars by Propel Financial Advisors · host Emily Agosto - Propel Financial Advisors
All year, Wall Street has been practically chomping at the bit for lower rates, while Fed Chair Powell has continually urged a more steadied, cautious approach to lowering rates. Now, it seems to be around the corner, as Powell signaled at his last press conference. In this episode, Amanda and David discuss the potential impacts of the pending Fed rate cut - expected on September 18. We discuss: 1) Potential cash moves 2) The Impact on bond and stock markets; and 3) The Impact on mortgage market. www.connectingthedollars.com
What this episode covers
All year, Wall Street has been practically chomping at the bit for lower rates, while Fed Chair Powell has continually urged a more steadied, cautious approach to lowering rates. Now, it seems to be around the corner, as Powell signaled at his last press conference. In this episode, Amanda and David discuss the potential impacts of the pending Fed rate cut - expected on September 18. We discuss: 1) Potential cash moves 2) The Impact on bond and stock markets; and 3) The Impact on mortgage market. www.connectingthedollars.com
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The Fed's Much-Anticipated First Rate Cut of 2024 and its Impact
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