Diddy Denied Bail, Cuomo Calls Trump, Rate Cut Cause Market Tank | PBD Podcast | Ep. 474
2024/9/19
PBD Podcast
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The stock market dipped after the Federal Reserve cut interest rates by half a point. Historically, the market reacts negatively to the first rate cut after a series of increases. This drop is expected to be around 20.5% in the coming months. The current situation is unique because, unlike previous rate cuts driven by major economic downturns, this one hasn't been triggered by a significant event.
- The Federal Reserve cut interest rates by half a point.
- Historically, the stock market declines after the first rate cut following a series of increases.
- The average decline after the first rate cut is 20.5%.
- Unlike previous rate cuts, this one hasn't been caused by a major economic event.
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