MTC Market Insights

September 3, 2024

Episodic Volatility

Key Takeaways

• In early August, disappointing employment data triggered a market correction and a retreat in U.S. interest rates.

• By mid-month the S&P 500 Index recovered early-month losses as inflation data came in better than expected.

• During the Fed’s annual conference, Fed Chair Jerome Powell signaled that it was time for an interest rate cut.