By Mable Buchanan On Wednesday, investors watched as the Federal Reserve slashed interest rates for the third time in 2019.
The S&P 500 index rose following the news. However, while general sentiment may be improving, it won’t fully erase the bearish omens we’ve seen over the past few weeks.
In fact, a recent study by E-Trade revealed that this month, active investors with valuable assets are twice as likely to expect a recession to hit before 2020 than they were in September.
Fed Chair Jerome Powell reportedly stated that it would take a significant change in inflation for the committee to consider raising rates again.
For those …read more
