August 26th, 2024
Jerome Powell gives am emphatic message that the Fed will cut rates
The market expects measured rate Fed cuts, at 25bps per meeting, over the next six months
The pace of rate cuts will be data dependent and could be more aggressive if the labour market shows further weakness
The dollar's recent weakness may encourage investors to seek opportunities away from the US.
Be mindful that history tells us that US rate cuts don't necessarily mean better times for US equities
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