Summary of Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
Summary of Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
The Federal Reserve cut interest rates by 0.5 percentage points, aiming for future reductions. The move positively impacted the market, with the S&P 500 rising and bond yields falling. Analysts expect further rate cuts to support economic growth amid concerns about the labor market. The bold 0.5 percentage point cut is seen as a preemptive measure, signaling a departure from earlier beliefs in U.S. dollar strength. The decision reflects efforts to sustain economic expansion and counter inflation risks.
quoting nevent1q…0fw4Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
https://s.yimg.com/ny/api/res/1.2/LwCRzTLkvhNhQBV02dEhbA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/reuters-finance.com/42dcdbf82147092b19ed3fb17eca88f4
https://finance.yahoo.com/news/fed-slashes-rates-50-bp-182823953.html
The Federal Reserve cut interest rates by 0.5 percentage points, aiming for future reductions. The move positively impacted the market, with the S&P 500 rising and bond yields falling. Analysts expect further rate cuts to support economic growth amid concerns about the labor market. The bold 0.5 percentage point cut is seen as a preemptive measure, signaling a departure from earlier beliefs in U.S. dollar strength. The decision reflects efforts to sustain economic expansion and counter inflation risks.