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Stock impact report

The Federal Reserve is likely to say rate cuts are coming, satisfying markets [CNBC]

Silvercrest Asset Management Group Inc. (SAMG) 
Last silvercrest asset management group inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.silvercrestgroup.com
Company Research Source: CNBC
The Federal Reserve is likely to say rate cuts are coming, satisfying markets Should the Federal Reserve meet market expectations and signal a rate cut at its meeting Wednesday, the move will come under some unusual circumstances. Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness. The last time it entered a cutting cycle was September 2007. At that juncture, the subprime mortgage crisis had displayed clear signs of accelerating. The Federal Open Market Committee in its post-meeting statement noted that "the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally." The half-point cut was aimed at heading off "some of the adverse effects" from the housing issue that had caused "disruptions in financial markets." VIDEO 4:51 04:51 Fed could make a good case to cut rates: Leuthold Group's Jim Paulsen Squawk Box Finally, the statement cited "uncertainty surroundin Show less Read more
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