Published On Oct 3, 2024, 4:00 AM
The Federal Reserve has indicated it is not in a rush to reduce interest rates as it continues to monitor economic data and inflation trends. Although the Fed's stance suggests a cautious approach, the potential for economic pressures—like declining consumer confidence or rising unemployment—could test its patience and force more decisive actions in the future.
Positive
The Fed's cautious approach to cutting interest rates may support a stable economic environment in the short term, but any signs of economic distress could lead to a more aggressive stance on rate cuts.
Positive
Investors may wish to watch interest-sensitive sectors, such as real estate and utilities, for potential shifts in investment strategy as interest rates remain steady for the time being.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.
Oct 10, 2024, 12:46 PM
Mortgage rates rose sharply this week in their biggest jump since April, bringing the average rate for a 30-year fixed note to 6.32% as demand fell for a second straight week.
Oct 10, 2024, 1:46 AM
U.S. Treasury yields were mixed Thursday as investors continued to digest meeting minutes from the Federal Reserve and awaited fresh inflation data.