th in the U.S. and interest rate cuts in Japan triggered a global stock market sell off on Monday. WSJ’s Nick Timiraos breaks down how it happened, what it says about the economy, and what it means for the Federal Reserve’s long-term goal of a soft landing.

Further Listening:

-Live from Seattle: A Weird Economy + Election = ??

-Why the Fed Is Steering Away From Rate Cuts

Further Reading:

-Market Selloff Upends Fed Rate-Cut Calculus

-Lousy Jobs Report Forces Fed to Reckon With Hard Landing

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1d:T62c,Preston Caldwell, senior US economist for Morningstar Research Services, discusses why the Federal Reserve made an aggressive interest-rate cut now. And what these lower rates mean for borrowers.Morningstar’s Take on the Federal Reserve’s First Interest-Rate Cut in 2024 What is the Neutral Rate of Interest?Was the Half-Point Interest Rate Cut as “Timely?” Risks that Could Cause Inflation to ReheatWhat Signs from the Job Market Could Spur the Fed into Action?Does the Fed’s Forecast for Interest-Rate Cuts Line Up with Morningstar’s Expectations?How the Housing Market Can Return to Affordability What Lower Interest Rates Could Mean for Credit Card BorrowersIs the Fed on Track to Avoid a Recession and Pull of a “Soft Landing”? Read about topics from this episode. How Much Will the Fed Cut Interest Rates?Fed Rate Cut Show

What the Stock Market Panic Says About t...