Episode 941: The Dividend Cafe Thursday - September 19, 2024

Market Reaction to Fed's 50 Basis Point Rate Cut

In this episode of Dividend Cafe, dated Thursday, September 19th, Brian Szytel reviews the market's positive response to the Federal Reserve's 50 basis point interest rate cut. The Dow rose by over 500 points, and both the S&P and NASDAQ saw significant gains. Despite the rally in risk assets, the 10-year bond yield remained unchanged. Fed Chair Jerome Powell indicated that future rate cuts might not match this recent one as the Fed responds to evolving economic data. Employment data showed signs of softening, but jobless claims beat expectations. Housing numbers were weaker than expected, though prices increased slightly. Manufacturing showed modest improvement, and volatility for the day was lower. The episode concludes with a reminder to tune in for tomorrow's long-form edition and an invitation for viewer questions.

00:00 Introduction and Market Overview

00:08 Fed Rate Cut and Market Reaction

01:04 Employment and Labor Market Insights

01:29 Interest Rates and Economic Indicators

02:25 Housing and Manufacturing Data

02:57 Conclusion and Upcoming Content

Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com