Markets hinge on Powell emulating Greenspan to avoid a recession
Tue, Sep 17, 2024 8:21 PM

Markets hinge on Powell emulating Greenspan to avoid a recession

A Flip by Shubhangi Gupta
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Traders are harking back on 1995, when Alan Greenspan led the Federal Reserve in pulling off a rare soft landing, for a playbook on trading the first interest-rate cut in four years. Like nearly three decades ago, bonds and stocks are rallying ahead of a critical Fed meeting. But this time, the central question for Chair Jerome Powell is which approach- reducing rates by 25 basis points or 50 bps.

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