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Meeder Market Insights August 2023

Meeder Market Insights August 2023

With the U.S. inflation rate now below the Federal Funds rate, the Fed’s tightening cycle may come to an end this year. Investors expect rate cuts before the end of the year, while the Fed anticipates no cuts until 2024. Many investors believe the stock market will perform well after the Fed starts cutting interest rates. History tells us this is not necessarily true. Since 1970, more than half of the Fed’s first cuts were followed by declines of more than -20% by the S&P 500 Index.

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