12/19/2024
The Federal Reserve cut its benchmark interest rate for the third time in three meetings, lowering the federal funds rate by 25 basis points to a range of 4.25% to 4.50%, which follows the latest consumer price index data. The cut aligns with market expectations. Nevertheless, stocks fell sharply after the Fed announcement. Don't be discouraged as today is a good start to the market. Remember, the Stock Market moves like the ocean with its ups and downs. You should always have a great advisor to help you navigate the rough waters of investing.
