Jumbo Federal Funds Rate Cuts Are Usually Bad News
It has been exceedingly rare in the last two decades for the Fed to lower the federal funds rate by more than 25 basis points outside of an economic crisis. The last time that happened was in 2002.
It has been exceedingly rare in the last two decades for the Fed to lower the federal funds rate by more than 25 basis points outside of an economic crisis. The last time that happened was in 2002.