Jessica Noviskis, CFA
Associate Director of Alternatives
The Fed turned the page and began lowering interest rates with an outsized 50 bp cut at its September FOMC meeting. While Chairman Powell described the risks to achieving the Fed’s dual mandate goals of maximum employment and stable prices as balanced, the market’s reaction to Powell’s press conference seemed to reflect anxieties that the labor market is now the chief concern and the Fed’s larger rate cut was perhaps a result of not only foresight but fear.
This newsletter puts recent labor market data into historical context as the Fed considers the pace of additional rate cuts in the coming months.
Read > Keep Your Eye on the Labor Market
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
01.06.2025
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01.02.2025
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The 2024 National Football League regular season is at its midpoint, meaning employees in Marquette’s Chicago office are enduring another…
11.20.2024
Over the last 20 years, U.S. homeowners’ total home equity value has risen by more than 150% to roughly $35…
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