Weekly Market Update: September 16, 2024
09/16/24
Markets Await Fed Decision
The Fed will make its highly anticipated rate decision this week. A cut during the September meeting has been all but guaranteed for the past few weeks and the remaining debate surrounded the size. A 25-basis point cut seemed a near certainty following higher than expected CPI data last week, but a curiously timed Wall Street Journal article reopened the discussion. Now a 50-basis point cut appears most likely.
Investment and insurance products are not FDIC-insured, are not a deposit or other obligation of, or guaranteed by the bank or an affiliate of the bank, are not insured by any federal government agency and are subject to investment risks, including possible loss of the principal amount invested.
Ready to explore how Sunflower Bank can assist you? Speak to a personal banker at a branch near you, contact a specialist on our Wealth Management team, or find the right financial partner on our Commercial Banking team for your business needs.
This article contains general information only. Sunflower Bank is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. This article is not a substitute for such professional advice or services, before making any decisions related to these matters, you should consult a qualified professional advisor.