As we close out the third quarter of 2024, the financial landscape continues to evolve. The S&P 500 has achieved an impressive four consecutive positive quarters, defying various economic headwinds. Meanwhile, the Federal Reserve’s recent 50-basis-point rate cut signals a shift in monetary policy, aimed at balancing labor market concerns with inflation control. This quarter also saw significant developments in inflation trends, treasury yield normalization, and market volatility. Our comprehensive overview provides insights into these key developments and their potential implications for investors as we head into the final stretch of 2024.

The first quarter featured two Fed meetings, with the Fed leaving rates unchanged in January and March. The result is the same current target overnight lending rate of 5.25 – 5.50%, a 23-year high.

The first quarter featured two Fed meetings, with the Fed leaving rates unchanged in January and March. The result is the same current target overnight lending rate of 5.25 – 5.50%, a 23-year high.