Aging Expansion Hit with Summer Volatility

By |2020-01-23T12:57:22-08:00August 14th, 2019|Market Commentary|

Time to read: 5 minutes | The Federal Reserve’s first interest rate cut in 10 years was supposed to be met with cheers by financial markets. Wall Street’s response to the 0.25% cut to the target Federal Funds rate on July 31 quickly turned sour. Capital markets, addicted to a decade of cheap money, were