July 2019 Market Update
Submitted by Corrigan Financial, Inc on July 31st, 2019Global stock markets were virtually unchanged during July, as U.S. stock returns of just over 1% were offset by small losses on foreign equities. On the last day of the month, the Fed cut interest rates by a quarter-percentage point. The enthusiasm surrounding the Federal Reserve's first rate cut in a decade was somewhat diminished when Chairman Powell suggested the cut was not necessarily the beginning of a long easing cycle.
