Fed’s Rate Cut and Its Impact on US and Canadian Economies: October 2024
As we transition into the fourth quarter of 2024, we’re pleased to present the October 2024 edition of our Chartbook Market Outlook video and accompanying Chartbook Market Comment slides, featuring Scott Keast, CFP®, CIM, and Shane McMahon, CFP®, CIM – two of our Partners & Portfolio Managers at OceanFront Investment Counsel Inc.
Chartbook Market Comment: Fed’s 0.5% Rate Cut
The Federal Reserve’s 0.5% rate cut signals a shift from inflation control to employment concerns. While the US economy remains strong, Canada faces sluggish growth and rising unemployment. Interest rates in the US are expected to stay higher, pressuring the Canadian Dollar. What could this mean for future investments? CONTINUE READING…
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Wishing you a year of financial success and prosperity,
OceanFront Investment Counsel Inc.