Weekly Commentary | September 8, 2024 | CEF NAVs Getting Jet Fueled From Falling Rates

Summary

• The labor market is softening, with August non-farm payrolls showing only 92K private jobs created, leading to market concerns and a significant weekly drop.

• The Federal Reserve may begin its rate-cutting cycle on Sept. 18, with a potential 0.50% cut due to softer economic data and inflation readings.

• Closed-end funds (CEFs) remain attractive, espe…