Has the Fed Pulled Off the Elusive Soft Landing?

Published On Sep 19, 2024, 8:13 AM

Global markets are experiencing a rally following an unexpected interest rate cut of half a percentage point by the Federal Reserve. This significant decrease has revived investor confidence, as reflected in the rise of S&P 500 futures, bonds, and cryptocurrencies. The Fed's aim for the cut was to support household finances and strengthen the labor market, with expectations of further rate reductions in the near future. While some political figures have expressed skepticism regarding the Fed's timing and motives, many see this move as a step towards preventing a recession and facilitating economic growth.