Plus, Luke Lango's roadmap for investing under Trump November 7, 2024 The Fed cuts interest rates by 25 basis points … Powell sounds dovish … will Trump control Congress? … Luke Lango’s 10-point guideline for Trump 2.0 This afternoon, the Federal Reserve cut interest rates by 25 basis points, bringing the Fed Funds target rate down to 4.50% - 4.75%. While this was widely expected, the real story was Federal Reserve Chairman Jerome Powell and his press conference… It was about as dovish as anything that bulls could want. Powell sounded confident about the condition of both the labor market and inflation… he downplayed the recent run-up in Treasury yields… and he openly praised the strength of the economy. I watched the market’s reaction to his live press conference in real time, noting a s...
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