State of Play. 26 September 2024
Finally
Last week, the US Federal Reserve (Fed) finally cut rates for the first time in over four years, lowering its benchmark interest rate to a target range between 4.75% and 5.00%. An interest rate cut was expected, however, the Fed decided to cut by half a point instead of a quarter as many predicted. The Bank of England (BoE) also met last week but this time they decided to keep interest rates unchanged.
Santander Asset Management digs deeper into the announcements in this week’s State of Play.