Take stock of what rate cut implies about extent of US economic woes
==========

The US Federal Reserve cut interest rates by 0.5% on September 23, 2024; Fed Chairman Jerome Powell indicated earlier cuts were possible if employment data had been better; the rate cut reflects worse-than-expected employment conditions; future cuts will depend on inflation and employment; historical rate cuts often coincide with recessions; past downturns in the S&P 500 followed rate cuts; current market resembles the tech stock environment of 2000; Nvidia and TSMC report strong earnings, but AI stock valuations may be inflated; caution is advised for investors regarding the implications of the rate cut.

#UsEconomy #FederalReserve #InterestRates #Employment #StockMarket #Recession #Inflation #AiStocks #Nvidia #Tsmc

https://www.thestandard.com.hk/section-news/section/5/266373/Take-stock-of-what-rate-cut-implies-about-extent-of-US-economic-woes