Our Own Lindsey and the Federal Reserve

What does our advisor Lindsey Simek and the Federal Reserve have in common?  Not much, but both are speaking (or have spoken) to a large audience in September and have vast amounts of financial knowledge.

Lindsey was a speaker earlier this month of September at the Portfolio Summit's Annual Conference and was asked to speak on Women and their Finances as well as how to get more women involved in the Finance Industry.  She spoke on her deep knowledge helping all clients, but particularly female clients, her own history as well as ideas to get more women involved in the male dominated financial industry.  She knocked it out of the park as usual!!!!

Now Jerome Powell gets to follow up Lindsey's talk with one of his own on September 18th.  The markets are betting that on this date, that the Federal Reserve will drop the Feds Fund rate at almost a certainty.  The question is will it be .25% or .50% and the market is split 57% to 43% giving the edge to a smaller cut.  The markets have already started to price this in as we have seen interest rates on CD's and Treasury bonds drop already across a variety of maturities from a month to 30 years.

This will give a few more dollars back to consumers with lower borrowing rates, but hurt savers a bit on what they can get on CDs and their saving accounts.  Will this help out the stock market?  That is to be seen and will most likely depend on how big of a rate cut and what else Fed Chair, Jerome Powell comments on in regards to the economy.  We do see this to continue to help the bond market however.

We are watching both markets and economic data closely and will make appropriate changes if needed.

Kudos to Lindsey, you make us and your clients proud!!!