On September 18, 2024 the Federal Reserve started their process of cutting the Fed Funds Rate by 1/2 percent. On November 8, 2024 it was noted that the Fed appeared to be repeating their rate cutting process from 2007. Current 3-month rates are now in a position similar to where they were on Septembers 6, 2007. Based on the current position of 3-month rates a brief stock market rally would be expected. This would be followed by a long decline in 2025.
Note that this information is for educational purposes only and not a recommendation.
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