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The Dividend Cafe Thursday - September 19, 2024
Manage episode 440783365 series 2524881
Market Reaction to Fed's 50 Basis Point Rate Cut
In this episode of Dividend Cafe, dated Thursday, September 19th, Brian Szytel reviews the market's positive response to the Federal Reserve's 50 basis point interest rate cut. The Dow rose by over 500 points, and both the S&P and NASDAQ saw significant gains. Despite the rally in risk assets, the 10-year bond yield remained unchanged. Fed Chair Jerome Powell indicated that future rate cuts might not match this recent one as the Fed responds to evolving economic data. Employment data showed signs of softening, but jobless claims beat expectations. Housing numbers were weaker than expected, though prices increased slightly. Manufacturing showed modest improvement, and volatility for the day was lower. The episode concludes with a reminder to tune in for tomorrow's long-form edition and an invitation for viewer questions.
00:00 Introduction and Market Overview
00:08 Fed Rate Cut and Market Reaction
01:04 Employment and Labor Market Insights
01:29 Interest Rates and Economic Indicators
02:25 Housing and Manufacturing Data
02:57 Conclusion and Upcoming Content
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
972 Episoden
Manage episode 440783365 series 2524881
Market Reaction to Fed's 50 Basis Point Rate Cut
In this episode of Dividend Cafe, dated Thursday, September 19th, Brian Szytel reviews the market's positive response to the Federal Reserve's 50 basis point interest rate cut. The Dow rose by over 500 points, and both the S&P and NASDAQ saw significant gains. Despite the rally in risk assets, the 10-year bond yield remained unchanged. Fed Chair Jerome Powell indicated that future rate cuts might not match this recent one as the Fed responds to evolving economic data. Employment data showed signs of softening, but jobless claims beat expectations. Housing numbers were weaker than expected, though prices increased slightly. Manufacturing showed modest improvement, and volatility for the day was lower. The episode concludes with a reminder to tune in for tomorrow's long-form edition and an invitation for viewer questions.
00:00 Introduction and Market Overview
00:08 Fed Rate Cut and Market Reaction
01:04 Employment and Labor Market Insights
01:29 Interest Rates and Economic Indicators
02:25 Housing and Manufacturing Data
02:57 Conclusion and Upcoming Content
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
972 Episoden
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