Reinvest Market Update November 2024
Georgina Walleshauser
November 18, 2024
The Fed decreased interest rates by 25 basis points at this month’s FOMC meeting. Despite this reduction to short-term rates, longer term treasury rates have risen ~17 basis points since November 4th – in large part due to market reactions to the results of the 2024 Presidential Election. President-Elect Trump’s campaign proposals have caused expectations for future economic growth in the US and created concerns about increased inflation in the coming years. This has resulted in a selloff of US treasuries.