Summary of Fed outsized rate cut draws muted reaction, but calm may not last
Summary of Fed outsized rate cut draws muted reaction, but calm may not last
The US Federal Reserve cut interest rates by a half-percentage point, which was expected to cause a more significant market reaction. However, the market reacted more mildly, with stocks and the dollar reversing positions to mostly come full circle. Some experts believe that the calm may not last, and there could be another wave of action in the coming hours.
quoting nevent1q…0q09Fed outsized rate cut draws muted reaction, but calm may not last
https://s.yimg.com/ny/api/res/1.2/ZDYIT70NnLN.fMZECpX0MQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MQ--/https://media.zenfs.com/en/reuters-finance.com/3806666c502315c36ec8f86b25ce10b6
https://finance.yahoo.com/news/fed-outsized-rate-cut-draws-050542561.html
The US Federal Reserve cut interest rates by a half-percentage point, which was expected to cause a more significant market reaction. However, the market reacted more mildly, with stocks and the dollar reversing positions to mostly come full circle. Some experts believe that the calm may not last, and there could be another wave of action in the coming hours.