Long story short: though a fair amount of excitement preceded it, this was a snoozer meeting with two main takeaways:

1. That the Fed is cutting matters more for allocation than their path in the near term, and
2. we won’t get much clarity on the “end game” of rate cuts until after the election. 

The Federal Reserve went big, starting its easing cycle with a 50bp interest rate cut. Does the pace of easing matter? How far will the Fed go? How do allocation decisions change on the way down? Lauren Goodwin and Julia Hermann talk through each of these questions this week on Market Matters.