☄️BlackRock claims that the Fed's interest rate cuts won't be as significant as the market expects.
Meanwhile, markets believe there is a 65% chance the Fed will lower rates by 50 basis points. U.S. Senator Elizabeth Warren is even calling for a 75 basis point cut.
On Twitter, experts (though this is unverified) are actively sharing charts comparing the S&P 500 in 2007 and 2024, highlighting similarities. In 2007, the Fed began cutting rates after a prolonged period of monetary tightening — just like in 2024.
The Fed meeting is tomorrow at 9:00 PM.
