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Federal Reserve’s September Rate Cut: A Bold Decision

by Team Lumida
October 10, 2024
in Macro, Markets
Reading Time: 3 mins read
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Federal Reserve’s September Rate Cut: A Bold Decision
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Key Takeaways:

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Fed officials divided on September’s rate cut; majority favored a half-point reduction.

September employment data shifted expectations; investors now skeptical of future large cuts.

Fed Chair Powell emphasizes cautious, data-driven rate adjustments moving forward.

What Happened?

The Federal Reserve’s recent meeting unveiled a split among officials regarding September’s interest rate cut. While a substantial majority supported a half-point reduction, some favored a smaller quarter-point cut.

The decision lowered the benchmark rate to 4.75%-5%, marking the first reduction since 2020. Economic indicators showed inflation decreasing towards the Fed’s 2% target, with the unemployment rate slightly rising to 4.2%.

However, recent data revealed a stronger-than-expected job market, with 254,000 jobs added in September and unemployment dropping to 4.1%.

Why It Matters?

Understanding the Fed’s rate cut decision helps you anticipate future policy shifts. The larger cut aligns monetary policy with inflation and labor market trends, signaling a proactive stance against economic slowdown.

Yet, the divide among officials highlights uncertainty in achieving the Fed’s goals. As Fed Chair Jerome Powell stated, rate adjustments depend on economic developments. Investors must watch these trends to gauge potential impacts on markets and investment portfolios.

What’s Next?

Looking ahead, expect the Federal Reserve to remain cautious, adjusting rates based on economic conditions. The recent employment report shifted investor expectations, reducing the likelihood of another large cut at the upcoming November meeting.

A one-in-six chance now exists that the Fed might hold rates steady. Vice Chair Philip Jefferson emphasizes a “meeting by meeting” approach, indicating a flexible, data-driven strategy. Stay alert for updates on inflation, employment, and economic growth, as these will guide future Fed actions.

Source: The Wall Street Journal
Tags: Federal ReserveInterest Rates
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018