Bouncing Into October
After experiencing the volatility people fear during September, things began to calm down this week. Investors are taking some comfort with better inflation data, and we think we are looking ahead to the Federal Reserve meeting, where we are expecting interest cuts of 25-50 basis points.
In this week’s market update, we review the price action of the S&P 500 and other risk assets, look ahead to the Federal Reserve meeting, and what we think may be the crucial takeaways from their policy decision. We will review the impact of seasonality on stock market performance and how the recent inflation data may impact next week’s Federal Reserve decision on interest rates.
Key Takeaways
- September has been volatile, but we are getting closer to a better seasonal time for the market.
- We expect the Federal Reserve to cut 25-50 bps next week.
- Now is a good time to be locking in higher rates. When the Fed begins cutting, they often cut them multiple times.
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