Tag: Federal Open Market Committee

Last week, the Fed made a big move by cutting the policy rate by 0.50%. The Federal Open Market Committee’s quarterly Summary of Economic Projections showed decreases in expected inflation and policy rate and an increase in unemployment compared to their June projection. Stocks rallied on the news, with the S&P 500 gaining 1.39%. This week, stocks look to post a monthly gain in September for the first time since 2019. Friday, the Personal Consumption ...