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 Rates
https://www.bloomberg.com/news/articles/2024-05-22/minutes-show-officials-rallying-around-higher-for-longer-rates
FOMC September statement
https://www.federalreserve.gov/monetarypolicy/files/monetary20240918a1.pdf
FOMC September projections
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240918.pdf
FOMC June projections
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240612.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.