In today's episode, Verdence Capital Advisors CIO Megan Horneman discusses the events following the highly anticipated FOMC meeting on January 31st. Contrary to expectations, the Fed took a more hawkish tone, triggering a significant sell-off in the equity market. Chairman Powell's cautious stance on potential rate cuts, emphasizes the risks of premature reductions and the importance of ensuring progress in inflation. Megan challenges the optimism in the futures market, suggesting that the anticipated timing and magnitude of rate cuts may be too ambitious. She provides her perspective on the Fed funds futures market's response, indicating a delayed March rate cut while maintaining projections for cuts throughout the year. Looking ahead, Megan previews upcoming events, such as the jobs report and ISM manufacturing data, which could further influence market dynamics. For questions or comments please reach out to the podcast at Verdence dot com.

Watch today's episode here:  https://youtu.be/GHMh4oFy1Yk

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...