One and Done? | Steve Henderly, CFA | Nvest Wealth Strategies®
Printer Friendly PDF: Oct 2024 Commentary
Twenty years ago, an influx of dominant high school basketball players caused controversy among the NBA and its players union, and in 2005 the “one-and-done” rule was implemented. The rule stipulated players coming out of high school must spend at last one year at the collegiate level or alternate organization to better prepare for the physical and mental demands of the NBA. While “one-and-done” is generally associated with athletes fixated on going pro, a dramatic reversal higher in interest rates last month leaves some already questioning whether the Fed’s recent pivot to rate cuts will be “one-and-done” after the FOMC meeting this week.