About the session

The US Federal Reserve had signalled that the “time has come” for rate cuts. After Jerome Powell’s speech at Jackson Hole, and with the latest lacklustre Job Report, the central bank seems fairly set to transition from a pause to a cutting mode, starting from September. The speculation around the Fed funds rate has since moved from the question of “when” to “how much”, as the assessment of job-market health will be key to how big an interest-rate cut the Fed delivers. Our Investment Office has devoted attention to analysing the historical patterns of the Fed cycles and their effects on the market. Still, every cycle is unique and expectations of markets often go differently.  On 19 Sep, the day after the FOMC meeting, Hugh Chung, Chief Investment Advisory Officer, and Yulin Liu, Investment Lead at Endowus, will discuss the implications of a rate cut now...