Last Time Fed Cut 50 Bps Was The Start Of The Great Financial Crisis
The markets are cheering that the Federal Reserve is once again back to lowering interests rates, and at a faster than expected pace. But the history of the beginning of new rate cutting cycles shows that all might not be so easily fixed. Especially when we look back to the last 50 basis point cut, which was delivered right as the Great Financial Crisis really began to accelerate.
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