Today, the Federal Reserve delivered the widely expected rate cut, but it wasn’t the smooth, unified decision markets hoped for. In fact, it was the most divided Fed vote since 2019, with three dissenters split on whether to cut more, or not cut at all.

In this episode of Markets with Megan, Megan Horneman breaks down:

✔️ Why the Fed cut rates today
✔️ Why three members dissented and what it signals
✔️ Why this was considered a hawkish rate cut
✔️ The Fed’s updated forecasts for GDP, inflation & unemployment
✔️ How the Fed plans to manage liquidity through year-end
✔️ What Powell said in the press conference that markets loved
✔️ Why small & mid-cap stocks jumped on the news
✔️ What this all means for the next rate moves in 2024

Markets rallied, yields dropped, and the U.S. dollar softened, but the big question: Is the Fed done cutting for a while?

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https://youtu.be/xHTmHDV-SgI

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