Quarterly Economic Report Q4 2024

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Key takeaways

 
The SVB Asset Management Economic Report is a quarterly review and outlook on economic and market factors that impact global markets and business health.

01

September’s FOMC meeting concludes with a rate cut.

The committee reduced the fed funds rate by 50 basis points in its first rate cut in four years.

02

Both Inflation and the labor market have softened.

Core PCE rose 2.7% year-over-year in August 2024. The Fed observes that “job gains have slowed.”

03

Lower rate expectations boost fixed income performance.

Both government and corporate bonds perform strongly in Q3 2024.