The Lowry Letter® - 11/1/2025

November 01, 2025

We hope you had a Happy Halloween! With a couple of friends, we honored a classic 80’s comedy at a recent Church party.

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Q: What is the Federal Reserve up to?
A: The last week of October brought another small cut in short-term interest rates. This was in line with expectations, but the Fed board is not uniform in its views on the matter. Some governors wanted a larger cut, one no cut at all. Regardless of what happens at their December meeting, long-term investors should focus on fundamentals. These continue to be positive.