The Economic Outlook for Q3 2024

In this episode of Focus Perspectives, Chief Investment Officer Kevin Grogan shares our outlook for markets and the economy. Our latest Quarterly Outlook looks at how the Federal Reserve affects the economy through its dual mandate of achieving maximum employment and keeping prices stable. To achieve these goals, the Fed raises interest rates to reduce economic activity and lowers rates to stimulate the economy. With inflation easing and the labor market cooling, the market is expecting two or three rate cuts before the end of the year. While this may provide some relief to consumers and businesses looking to borrow funds, it’s unlikely that we’ll see rates drop to near zero anytime soon. For questions about how these trends may affect your financial plan, reach out to your advisor.

Click here to view the full Quarterly Outlook for Q3 2024.

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