Fun Fact of the Day, January 17, 2020

January 17, 2020


They Changed Their Mind - The Fed reversed its course in 2019, flipping from 9 rate-hikes implemented over a 3-year period (with the last rate hike completed on 12/19/18) to 3 rate-cuts last year (with the first rate-cut implemented on 7/31/19).  The “policy pivot” from “up-to-down” occurred over 7 ½ months, the shortest time period from “up-to-down” or from “down-to-up” for the Fed since July 1995 (source: Federal Reserve).  Reprinted with permission from BTN.










Share on Facebook
Share on Twitter
Please reload

© 2017 Nova Wealth Management, Inc. is a Registered Investment Advisor.  All Rights Reserved. Designed by Reframed