Fed FOMC Meeting July 2024 - My Take

The Federal Reserve's monetary policy drives every single asset price globally. Markets are focused on whether the Federal Open Markets Committee (FOMC) will finally do its first interest rate cut now that the rate of US inflation is at 3% and likely to fall further towards the Fed's 2% target. Markets now expect the first rate cut to be in September, but will the Fed hint that this is going to happen? Hear our concise summary of what the Fed says and our take on what it means for you.

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Timestamps
00:00 Introduction
00:42 Fed's Decision and Market Expectations
00:53 Unanimous Vote and Language Changes
01:07 Economic Indicators and Soft Landing
03:20 Inflation and Dual Mandate
05:01 Employment Cost Index and Wage Growth
05:39 Sahm Rule and Recession Signals
08:47 Journalists' Questions and Powell's Responses
09:14 Private Domestic Final Purchases and Economic Health
10:09 Politics and the Fed's Non-Political Stance
16:59 Market Reactions and Investment Strategies
20:38 Dog Tricks and Viewer Interaction
22:15 Q&A Session and Community Engagement
39:44 Conclusion and Upcoming Events

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DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

[JohanTetzel]

You must have great aircon with a collared shirt in this weather sir

[karleells]

There seems like more stress in the economy than people are admitting

[bentp]

I was listening in bed and was tired so fell asleep half way through. When you rattled Teddy's treat box it woke me up and scared the life out of me.

[Banthah]

Great video Ramin as always. Thanks.
Looking forward to the Bank of England update tonight now that we have actually reduced our rates.
We’re actually ahead of the curve (pun intended 😊)

[MARTINA-gctq]

Wow 41 mins after no change…..well done.

[mahendrajasubhojani]

How will exchange rates get affected by interest rates decision - between GBP/ISD

[mahendrajasubhojani]

What are chances of0.5% cut in September meeting

[roger]

The banner 'Become a member of this channel' gets in the way of Android controls and the No thanks button isn't accessible.


Thanks for the video.

[djpuplex]

Indexing small caps is the dumbest thing you can do. Its probably the indexing strategy that underperforms its active counterpart.

edit: also do mot index Chinese stocks.