On September 17-18, the Fed cut interest rates by 50 basis points (0.50%), as expected. More rate cuts are anticipated at the next FOMC meeting on November 7, with a possible reduction of 25-50 basis points.
We also have the U.S. elections coming up later this fall, which could bring additional market movement. I'm optimistic about October and November and what they may bring.
Recent Events
September 11: CPI (Consumer Price Index) YoY
August’s CPI inflation rate decreased to 2.5%, matching the forecast, down from 2.9% in July.
September 11: Core CPI (Consumer Price Index) YoY
Core inflation held steady at 3.2%, matching the forecast and unchanged from the previous month.
September 12: ECB Eurozone Interest Rate Decision
The ECB cut rates by 60 basis points (0.60%), bringing the rate down from 4.25% to 3.65%.
September 17-18: FOMC Meeting
The Fed cut interest rates by 50 basis points (0.50%), moving the range to 4.75% to 5.00%.
September 27: PCE (Personal Consumption Expenditure) Index YoY
August’s PCE Price Index dropped to 2.2%, just below the forecast of 2.3%.
September 27: Core PCE (Personal Consumption Expenditure) Index YoY
Core PCE Price Index increased slightly to 2.7%, matching expectations.
Upcoming Events
October 10: CPI (Consumer Price Index) YoY
October 10: Core CPI (Consumer Price Index) YoY
October 17: ECB Eurozone Interest Rate Decision
November 6-7: FOMC Meeting
I’ll be keeping a close watch on these events and how they might affect our strategy moving forward. Thank you for your continued trust and support.... Show More
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