Fed Cuts 50bps (and Wall Street goes insane.)

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In this episode, the Federal Reserve cuts interest rates by 0.5%, marking its largest reduction since the financial crisis. We’ll break down how this decision impacts the stock market, the economy, and potential future rate cuts, as the Fed balances inflation concerns with slowing job growth.

Also in this episode:

🏒 Rogers acquires Bell’s stake in MLSE for C$4.7 billion, boosting its control over major sports teams like the Maple Leafs and Raptors.

💰 Wealthsimple celebrates its 10th anniversary by announcing profitability, with growing revenue and plans for new financial products.

Thank you to Harvest ETFs for supporting this video. Learn more about Harvest ETFs:

Harvest Equal Weight Global Utilities Income ETF
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https://harvestportfolios.com/etf/hgr/

Harvest US Bank Leaders Income ETF
https://harvestportfolios.com/etf/hubl/

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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

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