Just as we at investorAi have been predicting, and as posted here, and to our private clients, the Fed has confirmed our predictions by cutting rates by half a percentage point (50 bps).
The cut was announced today (Wednesday, September 18, 2024) but what was interesting was the Federal Reserve's rhetoric around plans for two additional cuts later this year, followed by four more in 2025.
This aligns perfectly with our previous predictions - something we're very proud of the AI algorithms for having forecast and have been made available to our clients.
Today's cut marks the Fed’s first rate cut since 2020, ending its most aggressive inflation-fighting effort since the 1980s. The decision was made after a split vote at the conclusion of the Fed's two-day policy meeting, resulting in a 50 basis point cut to the central bank’s benchmark rate, bringing it down to a range of 4.75%-5.0%. Prior to this, rates had been held at their highest level in 23 years since J ...
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