It’s been a wild ride for the fed funds rate — the benchmark interest rate set by the U.S. Federal Reserve.
I don’t mean just over the last few years… I mean the last several decades. Since 1954, Fed rates have gone from 0% to nearly 20% and back again.
Last month, the central bank made an unprecedented move by cutting rates back 50 basis points, leaving investors and analysts wondering what would happen next.
Now, none of us can predict the future, but I’ve pulled the curtain back on decades of rate-cutting history to see how the market has responded to these cuts and give us a glimpse at what the Fed may do in its November meeting.
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