Weekly Market Snapshot – September 23, 2019
Created by: Sam Tenney
- At the Federal Reserve open Committee Meeting on Wednesday, September 18th, Chairman Jerome Powell reduced the Federal Funds interest rate 25 basis points to 1.75%. Powell indicated he was open to more easing as the year progresses. ¹
- The Federal Reserve has (as of September 20th) conducted 4-days of Repo operations to provide liquidity into the banking sector after banks were hit with a “cash crunch.” This news may erode confidence with regard to liquidity within financial markets.²
- Does monetary deceleration by the Fed have a larger impact than the trade war? See the video below of a recent interview with Dr. Lacy Hunt. Dr. Hunt is regarded as one of the best economists around today who can explain the collision between secular economic forces (debt and demographics) and the business cycle better than just about anyone. Take a listen to the 13-minute interview if you have time. ³
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