At their open market committee meeting on July 30-31, the Federal Reserve cut short-term interest rates by 0.25%. Although the markets anticipated the move long before the Fed made their official announcement, the cut represents an important change in position from the hawkish stance seen as recently as December of last year. At the press conference following the meeting, Fed chairman Jerome Powell called the move a “midcycle adjustment to policy”, rather than the start of a more aggressive cycle of monetary easing. But, financial markets appear to be expecting a series of additional cuts before rate decreases come to an end. August 2019 Economic and Financial Digest
Don’t Rule Out A Soft Landing
In real estate, they say that location is everything. In economics, timing is paramount. With prices rising at a pace not seen since the early
July 27, 2022
Laurene Brooks joined Legacy in 2004, shortly after the company’s inception. She earned undergraduate degrees in journalism and Spanish, and her Juris Doctor (JD) designation from Marquette University. Laurene has over 30 years of experience in law and relationship management. In addition to assisting clients with financial management and estate planning, Laurene is Legacy’s senior fiduciary officer. In addition, she was a member of the Real Property, Probate, and Trust Division of the Wisconsin State Bar for 10 years and served as chair.
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