No surprise, on Wednesday the Fed made their first interest rate cut since March of 2020. The big question was whether it would be 25-basis-points, or 50. The Fed kicked off the much-anticipated easing cycle with a 50-basis-point cut. Inflation is closing in on target and the softening labor market shifted the Fed’s focus from inflation to their second mandate, employment. According to Powell, “The time to support the labor market is when it is strong.”

This 50-basis-point cut bodes well for risk assets and could be the next leg up in the equity market. Catch Lizzie and Brooke’s interview highlights for their thoughts on how the rate cut will affect different sectors of the market.

Watch Lizzie’s full interview on CNBC here and Brooke’s full interview here!