Core Insights - The Federal Reserve initiated a rate-cutting cycle in September 2024 due to a modest growth scare in Q3 [1] Group 1 - The rate-cutting cycle is rarely smooth or elegant, indicating potential volatility in financial markets [1] - The reasons for the Fed's decision to lower rates were somewhat optimistic at the time [1]

Group 1 - The Federal Reserve (FED) has initiated a 25 basis points interest rate cut and indicates the potential for further reductions in the future [1] - This decision reflects a shift in the FED's focus from combating inflation to addressing economic weakening [1]