This chapter explores the surprising 50 basis point rate cut by the Federal Reserve, contrasting market expectations with actual outcomes. The discussion focuses on its impact on the bond market, small-cap stocks, and the necessity for investors to approach bond investments cautiously.
Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's decision to cut rates 50-basis-points on a special edition of Bloomberg Surveillance
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