The Fed hints at multiple rate cuts in 2024. Powell suggests that we might be in a recession right now. Historically, every major rate cut led to a 30% S&P 500 drawdown.
In a surprising move, the Federal Reserve is hinting at multiple rate cuts in 2024, sparking questions about the stability of the financial system. This decision has historical echoes, as every major rate cut since the 1970s has been followed by a substantial 30% drawdown in the S&P 500. For the first time in recent …