The Fed cut its benchmark rates by 50 bps in a panicky move to catch up to both the economy and the marketplace. Reaction in the latter was muted because this wasn't unexpected. All the FOMC did was confirm everything - and then deny that it did.
Eurodollar University's Money & Macro Analysis
Bloomberg Fed Minutes Show Officials Rally Around Higher-for-Longer Rateshttps://www.bloomberg.com/news/articles/2024-05-22/minutes-show-officials-rallying-around-higher-for-longer-rates
FOMC September statementhttps://www.federalreserve.gov/monetarypolicy/files/monetary20240918a1.pdf
FOMC September projectionshttps://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240918.pdf
FOMC June projectionshttps://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240612.pdf
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