Following the widely-anticipated European Central Bank rate cut last Thursday, virtually every member of the decision-making body will be giving speeches this week, some of which might even usefully explain what they are doing and why. Everyone’s talking about the Fed, the election, and geopolitics. However, we believe fundamentals matter. The US Federal Open Market Committee cut the policy interest rate in September amid slowing inflation and a cooling labor market. We believe that lowering rates will help sustain the economy, corporate earnings, and the stock market. On the wealth planning front, we discuss what you need to know about social security.
Click Here to Read the October 21, 2024, Economic Commentary
Click Here to Read the October 21, 2024, Investment Commentary
Click Here to Read the October 21, 2024, Wealth Planning Commentary