Last month, following the July 31 Federal Open Markets Committee‘s (FOMC) decision to cut interest rates by 0.25%, we sent a Special Market Update describing the Fed’s return to monetary stimulus, and described how this type of action was meant to protect the US economy from the risk of a recession.
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Over the course of a summer, it’s not unusual for the stock market to be a topic of conversation at barbeques or other social gatherings.