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Expect fireworks after September 2024 rate cut. (recession odds spiking)

KeepItMovin
KeepItMovin - 149 Views
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Published on 28 Aug 2024 / In News and Politics

The Fed just signaled that they are going to cut interest rates in September 2024 due to a slowing economy and labor market. Historically - Fed rate cuts mean the economy is about to tip into recession.

With 11 of the last 15 fed rate cut cycles ending in a recession. Signaling that homebuyers, investors, and economy watchers should tread carefully over the next several months. If history repeats itself, there could be fireworks in financial markets.

Jerome Powell and the Federal Reserve indicated that they are set to ease monetary policy due to a slowing in labor market conditions. The unemployment rate has spiked up to 4.3%, while the number of unemployed has also skyrocketed.
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