Charts That Caught Our Attention: Federal Reserve Cuts 50bps, Market Receives Message Well
“Economy is strong overall… the labor market has cooled from its formerly overheated state, and inflation has eased substantially…” this is “a sign of our commitment not to get behind”, a summary of remarks from Federal Reserve Chairman Jerome Powell following the Fed’s decision on September 18, 2024.
Source: The Federal Reserve Board (9/18/2024)
The Fed has shifted the focus toward its employment mandate, with employment moving back to pre-COVID trends.
Source: Smith Capital Investors, Bloomberg (9/11/2024)
Source: Smith Capital Investors, Bloomberg (9/11/2024)
Inflation is also moving in the right direction but is expected to have some stickiness in coming months; the Fed will assess on a meeting-by-meeting basis.
Source: Smith Capital Investors, Bloomberg (9/11/2024)
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