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Market reaction to the Fed’s decision to cut interest rates
Scott Colbert : October 3, 2024
After holding firm on interest rates for 14 months, the Federal Reserve cut the federal funds rate by a half percentage point at the September meeting of its Federal Open Market Committee. This lowers the Fed’s benchmark interest rate to a 4.75%–5.0% target range. How might this impact investment portfolios? In a new Commerce Trust Market Brief video, Chief Economist and Director of Fixed Income Management, Scott Colbert, outlines the market response to the Fed’s long-anticipated action.
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