Powell Overshoots the Runway; Update: American Express & Charles Schwab

October 23, 2024 | Premium Service | This week in The Institutional Risk Analyst, we take stock of the global credit markets in the wake of last month’s half point interest rate cut by the Federal Open Market Committee. Since the Fed’s action, bond market yields have backed up more than in 1995, when a guy named Alan Greenspan also promised to engineer a “soft landing.” If this is how the Committee manages market “expectations,” then we definitely need a new plan. 

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