Recent market volatility has raised questions about the staying power of the rally for global assets that began in late-2023. A clear warning sign has yet to emerge, based on a set of ETF pairs that measure the broad trend via prices through Sep 18. But in some corners there are hints that the tide may be turning.
Daily Archives: September 19, 2024
Macro Briefing: 19 September 2024
US government shutdown risk rises as House rejects temporary fund bill. The government needs a stopgap measure to prevent a partial shutdown when new budget year begins Oct. 1.
The Federal Reserve cut interest rates, reducing its target rate by 1/2-percentage point to a 4.75%-to-5.25% range. “We’re trying to achieve a situation where we restore price stability without the kind of painful increase in unemployment that has come sometimes with this inflation,” says Fed Chairman Powell.
