Market Memo

Well, it’s been coming for a while now(not spurs getting relegated). The Fed has finally cut rates. I know right? Sorta anti-climatic to be fair. The only thing I’ve been talking about for a while now on this platform has been the big IR(interest rates). Yeah, so now to the actual content. So, because of the obvious inflation, the Fed has raised rates for the first time in 3 years. Because of the CPI, rates are now in the 3.75 to 4 percent range. It was unanimous too, which says a lot. Yeah, it’s really bad. Basically everything fell because of this(except for prices obviously). Crude oil went up to $100 because of the conflict in the middle east. So, hopefully we’ll get a better week next week and the market will rebound.