The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
- Posted on September 20, 2024
- By CNN
- 1 Views
The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday.
