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US Last 2 times the Fedâs first cut was 50+ bps:
Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession
Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession
Sep 18, 2024
- ?
- ?
- ?
