Michael A. Gayed: Fed cut 50 basis points in September 2024 as trimmed-mean inflation reached 2.88%

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Mikhail Vnuchkov

13.10.2026

Michael A. Gayed: Fed cut 50 basis points in September 2024 as trimmed-mean inflation reached 2.88% — Fed cut rates as inflation cooled

The Federal Reserve cut interest rates by 50 basis points in September 2024 when trimmed-mean inflation was 2.88%.

Michael A. Gayed reported that trimmed-mean inflation is now 2.19%, and the latest Fed minutes suggest the central bank is leaning toward a rate hike. Wellington Altus strategist James Thorne described this approach as a misdiagnosis, emphasizing that higher rates cannot manufacture oil.

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Michael A. Gayed has previously highlighted sector-specific trends, including APLD’s $3.0 billion capital expenditure and $116 million expected revenue. In an earlier report, he noted that ACN’s third-quarter revenue rose 6% while bookings declined 2%. Gayed has frequently focused on both company-level results and broader economic signals.

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.

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