The last two times the Fed's first rate cut was 50+ basis points:
đ¸ Jan 3, 2001:
⢠S&P 500 dropped ~39% over the next 448 days
⢠Unemployment increased by another 2.1%
⢠Led to a recession
đ¸ Sep 18, 2007:
⢠S&P 500 dropped ~54% over the next 372 days
⢠Unemployment increased by another 5.3%
⢠Led to a recession
đ¸ Sep 18, 2024:
⢠?
⢠?
⢠?