By Noelle Corum, Associate Portfolio Manager, James Ong, Director, Derivative Portfolio Management, and Rob Waldner, CFA, Chief Strategist and Head of Multi-Sector Portfolio Management
The Federal Reserve (Fed) cut rates by 0.25% for the first time in over a decade,1 a move largely expected by the market. Heading into the July Federal Open market Committee (FOMC) meeting, much of the debate was around whether or not the Fed would deliver 25 or 50 basis points. However, we were focused on the statement and Fed Chairman Jerome Powell's press conference for further insight