Charlie Bilello: Fed rate cuts in Sep 2024 see 30-year Treasury yield hit 5.3 percent

Charlie Bilello: Fed rate cuts in Sep 2024 see 30-year Treasury yield hit 5.3 percent
Fed rate cuts meet higher yields

Charlie Bilello, chief market strategist at Creative Planning, notes the Federal Reserve began its rate-cutting cycle in September 2024 when the 30-year Treasury yield was below 4 percent.

Bilello highlights that despite a total of 175 basis points in cuts, the 30-year yield has climbed to 5.3 percent, its highest level since 2007, suggesting persistent inflation pressures.

Bilello regularly shares market trends and data with a large investor audience in his weekly letter highlighting key charts and themes. Previously, he reported that S&P 500 second-quarter earnings were set for a 47% year-over-year increase, the fastest since Q2 2021. His analyses often focus on major indices and macroeconomic developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.