FOMC – More Now, Less Later In 1973 Miller Brewing ran its first “ Tastes Great! Less Filling !” commercial, which over time highlighted various sports luminaries and were fun to watch. At the September 18 meeting the FOMC provided their version. The FOMC voted to lower the Funds rate by 0.50%, but the Summary of Economic Projections (SEP) projected only -2.02% cuts through the end of 2025. It tasted great immediately after the announcement, but investors sobered up after realizing the FOMC isn’t planning on lowering the Funds rate more aggressively in...
