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Investment Event

The Fed goes large
19 September 2024
    Download the full reportPDF, 182KB

    Key takeaways

    • The FOMC opted for a 50bp rate cut, reflecting its greater comfort with recent inflation data and a desire to deliver a soft landing for the economy
    • The FOMC projections point to a further 50bp of cuts in 2024 and 100bp of cuts in 2025
    • If the FOMC can deliver a soft landing, the playbook is for a “great rotation” in markets. However, with policy still restrictive, recession risks remain a concern. We therefore continue to expect a more volatile phase for investment markets during the remainder of 2024