As the Fed cuts rates by 50 basis points, is another jumbo cut on the way?
As it announced its 50-basis point interest rate cut, the U.S. Fed said it was confident inflation was on a clear path to 2%. Alexandra Gorewicz, Vice President and Director for Active Fixed Income Portfolio Management with TD Asset Management, tells MoneyTalk’s Greg Bonnell why the cut may best be described as risk management by the Fed.