The Pulse September 30, 2024

On September 30, 2024, U.S. markets experienced mixed results. The Dow Jones Industrial Average fell by approximately 250 points (around 0.2%), while the S&P 500 saw slight declines as investors reacted to uncertainties regarding the Federal Reserve's future interest rate policies. Fed Chair Jerome Powell indicated a cautious approach, citing persistent inflation, particularly in the services sector, which raised concerns about potential delays in rate cuts​ (J.P. Morgan | Official Website)​(Deloitte United States).

Internationally, the European Central Bank (ECB) implemented another rate cut of 25 basis points, its second reduction this year, amid forecasts of inflation averaging 2.5% in the Eurozone for 2024. Economic growth in the region is projected to be modest at 0.9%​(

Deloitte United States)​(European Central Bank).

In China, inflationary pressures are easing, but the economic recovery remains fragile due to ongoing challenges in the property sector and lower consumer demand​ (J.P. Morgan |Official Website).

For more detailed information, you can check the following sources:

• Deloitte Insights on economic trends: Deloitte Insights
• European Central Bank Economic Bulletin: ECB Economic Bulletin
• CNN Business updates: CNN Business

Sources:

https://www.jpmorgan.com/insights/global-research/economy/global-inflation-forecast,https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html,

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