I originally intended to write this on the first week of august but got delayed due to a spike in workload.
Interest Rate Cut
On the last day of July, the federal reserve announced a widely expected interest rate cut (read: Why the Federal Reserve Cut Interest Rates). The rumors of an interest rate cut have been going around for some time, with the stock market fully pricing in the cut. The problem was that many believed the cut was going to be higher than the 25 basis points and thus many indices went red after the announcement.
Continue reading “August 2019”
