Bullet points of Fed outsized rate cut draws muted reaction, but calm may not last

Bullet points 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.
- The market reacted more mildly than expected, with stocks and the dollar reversing positions.
- Some experts believe that the calm may not last, and there could be another wave of action in the coming hours.
- The rate cut could have a knock-on effect on other markets.
- The Fed chair, Jerome Powell, said that the rate cut marked a 'strong start' to protecting strength in the economy.