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What I Read This Week…

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The Fed cut rates by 50 basis points, recent data show uncertainty and financial stress among consumers, and Microsoft has agreed to purchase all the power from a reopened nuclear plant

Watch All-In E196 Read our Deep Dive on Drug Development Caught My Eye… The Federal Reserve has lowered interest rates for the first time since 2020, cutting the federal funds rate by 50 basis points. This move brings the federal funds rate to a target range of 4.75% to 5%. Looking ahead, the Fed has signaled two more 25 basis point cuts in 2024, followed by further reductions of 100 basis points in 2025 and 50 basis points in 2026. The decision was driven by the Fed's increased confidence that inflation is approaching its 2% target. By reducing rates, the Fed aims to support economic…

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