back

November 2019 Monthly Market Update

November 6, 2019 in Market Updates

Investor sentiment was lifted by optimism over progress toward “phase one” of a U.S.-China trade deal and a third rate cut by the Federal Reserve. After three successive cuts of 25 basis points, the federal funds target rate is now at 1.5%–1.75%. The current market consensus is that October’s cut is likely t...