The Federal Reserve went big with its first interest rate cut since 2020, and it's biggest cut in 16 years as it lowered the Federal Funds Rate by half a percent. We look at what usually happens in the stock market - which hit new record highs last week - when the Fed gets this aggressive. Plus, Dr. David Kelly, the Chief Global Strategist for JP Morgan Asset Management, joins The Express from the Future Proof Wealth Festival, to share the most important macro trends shaping the economy and stock market today.
LINKS FOR SHOW NOTES:
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8715614)
https://am.jpmorgan.com/us/en/asset-management/adv/bios/david-kelly/)
https://x.com/callieabost/status/1837234523555144147)
https://www.carsongroup.com/insights/blog/author/rdetrick/)
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/sweetspotsforstocks_transcript_new.pdf)
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